it just takes 1 hit, but given the rate at which we are currently drilling (1 round every 6 months), that 1 hit could be years away. that is without taking into consideration how good their Target identification is and the kind of success we have had so far. A year of survey and no gold or Cu to show.
in the first round, I think we drilled close to 3000m. That is 1/5th of the 15,000 m that is planned. so we have 4 more similar-sized drill activities to go through.
They didn't get it right last time and it was a dud. Given the 1st round results, I don't want to get over-optimistic.
therefore let's not get ahead of ourselves.
DYOR
Ann: Quarterly Activities Report, page-96
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