They won't move on from N.N until they find whats there. Not sure how they managed to miss the deposit again, but SOMETHING is down there. Perhaps they should just pin cushion the whole lot with 2 or 3 drills and be done with it.
October - interesting thought. But I guess the market is now thinking that a deposit you can't hit with a drill bit (despite having the location on a map) is possibly not worth drilling.
Time will tell. It always annoys me when a small explorer/producer gets knocked back from something that attributed no value in the first place.
This was once 50cents and it was not as far along as this.
A 20-25% drop from recent short term highs based on missing a deposit at N.N seems very irrational to me.
VERY puzzled to say the least. Maybe we're getting hit by profit taking from those who topped up in the teens?
Ann: Nymagee Exploration Update , page-12
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