Noone says Win should be chasing new deposits, all I am saying is developers usually do infill drilling when they need to create a reserve and go ahead with their mine planning for their PFS/DFS studies. On a 300k oz deposit, infill drilling could probably increase the grade or the size by let's say 10 to 20%, but it won't materially move the dial, so once the company is running out of cash, the market won't be forgiving and your holding will be diluted massively just to raise a couple of million dollars. Today there was a bit of share price increase, but tomorrow I assume the SP wil go back to 2c, so all in all, there is little to no shareholder value created and expensive & scarce capital was spent on drilling out something that we already knew is there.
If the company did step out or expansion drilling, new resource would be added to the existing one, which could increase investor interest, raise the share price and ultimately capital raise would be much less dilutive on your shareholdings in the future.
WIN is down over 90% since the IPO and 95% since the 2 year highs, so I don't think there is much point of polishing the rather gloomy outlook of the company.
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