MAG (Summary) - On The Cusp of a Major Discovery, page-1223

Are you a nutcase or what?

The RC drills for Lady Ilse only go down 300m each. The mineralisation goes down 1000m+. The main mineralised zone was (off the top of my head) 450m onwards. They have put RC down to locate the main mineralised zone and then diamond drill the bottom of the RC holes where the vectors tell them to go through assays and down hole data analysis.

This is the normal path to porphyry zones with huge gold - same as ALK (who put $240 mill onto their market cap when they found a 500m zone next door).

If they do not hit huge gold, its because they haven't yet drilled the main mineralisation. However, it is possible they will still get good assay results, just from these shallower holes. DO YOU UNDERSTAND LADY ISLE NOW?

North Boda is more of an unknown as they haven't drilled it before. There might be a bonanza, there might be traces that come back. Either way, the results will tell them where to go drilling for round 2 where they might do more RC first or they might be confident they are going to hit it and stick some diamond drills down there instead.

In the pending assays, due any minute, they might announce their first resource and a further drilling campaign to see how deep and wide it goes. If the 20 holes drilled come back with nothing, then yes, you might get some shares a bit cheaper than they are now.

20 holes, are you in or are you out?