Another PLS in the making!, page-9

I think everyone needs to keep in mind this is maiden drilling to assist with completing due diligence. ADV doesn't even own this tenement yet, they have just so far entered an option to purchase it.

The size of the deposit is the make or break. I'm not a subject matter expert but I think it is plausible to say they would need to conduct more drilling to find out the size of this deposit.

I'm not sure if we will see the market cap go higher until the size of the deposit is confirmed or we have an exploration target of 15MT+ (assuming we own the tenement).

A couple of things to consider:
*As part of their due diligence I assume that management would try and figure out what the exploration target, or potential size of the deposit is based on the drilling they have conducted so far. If they think it is worth exploring further and they take up the option to purchase it then things will get interesting. They would have committed to purchasing a tenement that might not hold an economical resource. If they do take up the option to purchase the tenement, i will be reading the announcement carefully to see if it says anything about an exploration target.

* ADV has entered in an option to purchase Root Lake. To summarise, a previous company did some exploration and thought they found approximately 2MT on 5% of the prospective area. This figure is not JORC compliant or the Canada version compliant (but it gives you an idea of what could be there). If you were to extrapolate that (based on nothing more than hope and guessing i should add) to say after further drilling 40% of the Root Lake prospective area has the goods, then Root Lake might have 40%/5% = 8 x 2MT = 16MT

Basically, all I'm trying to say is I don't think we can rule anything out yet, but also i don't think we will see our market cap go much higher until we see some positive exploration targets for Seymour and or Root Lake.