Ann: Exceptional High Grade Results at Oracle Ridge, page-62

You're right, it is the other hole I meant to highlight, and you're absolutely right that it is a risky venture, and the way that profits are shaved off repeatedly after each price spike it is entirely possible that this may bounce around between 50-70 cents. Today it hit 79.5 cents, an all time high, so maybe it'll take a while to whittle back.

It'll definitely need a lot more drilling to have a substantial MRE uplift, and that's what they're trying to achieve. There have been some great intersections hit, near existing infrastructure. Seems logical to do step outs from existing resource base, garner market attention to raise funds, then get a few wildcat holes drilled on the geophysics of the outlier prospects.

Nobody is claiming it is going to be an overnight success, those unicorn exploration companies are exceptionally rare and often exceptionally lucky (Chalice was looking for nickel when they hit palladium). Slow baked success relative to companies that have price spikes followed by collapse is fine by me. In the event of drilling duds, and there's definitely going to be a few, then the price doesn't collapse a company like a duster oil well does.

Good to have some cynicism come into the threads, keeps some reality in the game.