The way I see things is Lindsay Owler over at ARE has unnecessarily cost his shareholders a lot of money with his emotionally charged price sensitive outburst. The announcement from AIS is calm and balanced.
2 holes completed... assays from TD7 confirm what we learned from the visual report but with traces of Cu which we didn't know. Assays from TD10 pending but we have visual confirmation of Cu alteration [chalcopyrite].
If anything the drill program might have been a bit premature since only now do we have the 'finalised' Falcon gravity gradiometric survey data... which seems to have identified 2 new targets.
Since each hole costs ~$500k it seems entirely prudent to spend time reassessing the drill program with data from 2 completed holes to review and better survey data to interpret.
Ann: TORRENS EXPLORATION PROJECT - DRILLING UPDATE, page-12
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