WFE...multibagger in the making, Drilling Feb 2017, page-7

for mine, theres three value legs here.

1. Hammersley iron.

2. Existing resource.

3. Probability of drills to extensions.

- think about the exploration dollar.
If you drill in a remote part of Australia, maybe you find, maybe you dont.
If you drill an existing mine for extensions, where it hasnt had previous exploration? The probability of exploration dollar well spent getting a hit of some kind is favorable, IMO of course. Fish where there are fish.