Ann: Quarterly Activities and Cashflow Report 30 June 2017, page-45

@seaemay, I shared the same views as yours, but after reading the quarterly over and over, I now think they are confident with the findings at Zola but are much more excited about Ringwood. This is going mainly by the comment they plan to go back to Zola once they see the assays as that would enlighten them where to focus further efforts. As someone suggested, maybe being geos they didn't clearly see the business side of things and didn't think the market needed an update about Zola which they've now tried to fix in the quarterly (and are being very cautious with their choice of words).

However, if Ringwood is much more promising, why not focus on Ringwood first then? When they've defined an economic resource at Ringwood, they can now go back to complete Zola and Grants, etc. They seem determined to thoroughly comb all the deposits within the tenements - which is OK, but from a business perspective I think it makes sense to focus on the more promising targets first.


That's all just my opinion, nothing's concrete till we compare the assays at Zola and Ringwood. Of course it's also possible they continue drilling Ringwood and Zola concurrently.

I must also say the Ringwood target is quite massive.