The longer the delay for Adina results - the more likely they are poor IMO. unfortunately this is reminding me of ASN delays which led to very poor results..
However lucky for us, Adina isn't our end game and is the most remote project in our the MTC tenement portfolio. I'm undecided on the fact there is only 10 holes drilled as the initial drilling announcement stated that this was PHASE 1 of a two phase program...
so either
-results are bad and they couldn't justify spending more cash on more holes
-results are great and the intersections are long and therefore taking time to assay in the Lab
-results are average and they are trying to soften the blowof the average/bad results with some other more promising news.
- they have been so bust with the new iCobalt and rusty lake stuff that they haven't got around to it just yet... (unlikely IMO)
- or perhaps there is discussions on the project level sell down and the results are delayed due to that for some reason? (unlikely IMO)
Personally I'm hoping for some large intercepts that have taken longer to assay in the Lab....but not holding my breath!
anyone with any other ideas?
MTC-General discussion, page-162
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