Ann: Quarterly Activities Report, page-36

you are right and wrong at same time.

You are right that ALK are not drilling to establish a resource as drilling at Boda is in its infancy. And Nic made it clear this is the case as they must be getting lot of emails asking about mineral resource estimates.

You are wrong on the point about high grades as Nic and Q Report made it clear they are targeting high grade zones and limits of the mineralisation at same time. They did talk fair bit about the breccia pipe and even put a photo of it on the last Q Report and this is not common for ALK.
Q Report also states that a hole has been drilling below 031 targeting extension of the breccia and also explained why 029 missed the breccia. I believe ALK already has assays for some holes which are low grades but are awaiting to receive assays for the hole below 031 before they release more comprehensive report.
Last few reports started to include more than just 1 or 2 holes.

IMO and you may end up being right and me being wrong. But having said that I already changed my mind about the SP and am now bidding at $1.11 for few more - earlier I stated I bought enough.