These are reasonable results and certainly don't warrant a 20% drop in price. This company is one of the undervalued gems out there at the moment. The results are a mix of high and moderate grades and show continuity of mineralisation - both in the more discrete zones and in the very wide zone. All are mineable.
I think the exploration programs are well thought out and executed. My only criticism is that there are a lot of drill metres going into the one spot, but without being too close to the story, I guess that is driven by their need to understand the mineralisation. I'm really looking forward to what turns up as they step out the exploration programs more regionally along their large 30km long structural corridor.
Still early days in this drill program and very, very early days in the overall exploration of the project area.
Disclosure - I am a shareholder, reasonable sized position in my portfolio, have held the stock for a while now.
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