Given that the current team spent about $5 million (ballpark) at Beyondie and failed to make a single resource discovery or even add one Mt to the existing resource inventory, you have to wonder what they can achieve drilling for gold with a smaller budget.
The Doolgunna region has proven very tricky for most explorers. TLM have been drilling like crazy right next to SFR and can't find anything. CYS is another well located tenement and they have blown their entire cash balance drilling unsuccessfully there. I could go on, but for every success there are several failures in the region IMHO.
EMG has a geo that can't tell the difference between magnetite and hematite so I would personally suggest their chances of success are extremely slim but this is just my opinion and I might be completely wrong.
almost over, page-7
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