Infill drilling of a known resource at Dargues just gives some certainty over a known resource. However when that's gone we still won't have our money back. My main criticism is over the price we paid and the vagueness of where these future exploration targets lie, which the company has never reported on. The risk still lays firmly in our corner. I agree with Jeffreyddd that other companies would rocket up with the grades we consistently report. Holes 1706 (13m @ 50.7g/t Au and 16% Pb/Zn), 1730 and 1713 at Kairos lie on the edge of or beyond the current resource, and the east copper and Pb/Zn intervals point to a LOM extension. Those are the sorts of results we really need. In the meantime, it would be nice if we could stop kicking the 'Kairos can' further and further down the street and actually start mining it. The market will respond to that.
AMI Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
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