The problem I see is management is relying on a survey from 2010 as their basis of the anomaly at 500m. Why didn't they pick this up years ago? You can't simply re-interpret a glowing red blotch as nothing from 2010 to 2015 but pick it up now.
After reading the report again, they reiterated that this is a vhms area but with all the drilling, they have failed to find a thing apart from the 100 pin cushion 'hits' into Gossan. This is a concern.
Apart from the deep anomaly they now have no other targets. If you look past all the enthusiasm, the latest drilling was a failure.
The question is where to from here if the deep target is the same as all the other worthless 'anomalies'?
Ann: VHMS Target Identified At Depth At Red Bore-THX.AX, page-57
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