Even if a major discovery is had, it can not be announced until Lab verified assays are received.Nope, companies can announce visuals so long as they provide a table with an estimate of the % of minerals observed
.
We know 2240m has been batched to labs, with a total of 3500m drilled.Everyone has misinterpreted this, including myself originally, as its worded quite obscurely:
An initial batch of core has been submitted to the laboratory in Perth for assay analysis and comprises of samples from the initial 12 drill holes, totalling 2240.4 metres of drilling."Re-reading the statement, 2240 metres is the
total metres drilled for the first 12 holes and the core sent to the lab comprises of samples from this 2240m
ie.
2240m has NOT been sent to the labs, only an unknown % of the total 2240m drilled has been sent, which looks a lot worse now in hindsight.
To the detractors, remember exploration is a multi year event, and raiden is just over 5 weeks in, on what counts.Yes and no. Exploration can occur over long periods, but ultimately investors don't invest for "exploration" in and of itself, they invest because they want share price appreciation.
There is already substantial blue-sky factored in the market cap, so holders need to realise that poor results will result in a significant daily loss, and even average results won't be looked upon favourably.
Cheers
(20min delay)