Just thinking about it,if you had enough money for a decent drilling campagne let's say 5 million and you started drilling and stopped at 5 holes and went for a CR for another $10m.
So looking at the scenario's the first 5 holes were dusters so we went for another CR
They found a modest amount and thought let's go for another CR.Not to sure many would do this,reputation destroying.
or dare I say it we hit some pretty big intersections with our first few holes which made them feel really confident to raise capital this way.
Third one seems more probablue to me.
Looks like the auto traders are in full control,so not to worried about SP at the moment,all about the assay Ann.
cheers
RDN Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
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