ADD chart, page-172

Adavale CEO Allan Ritchie commented: “Having the rig turning for the first time is a significant milestone for any explorer. We now have a strong choice of targets that we’ve worked hard to refine and prioritise to ensure we get the most out of our rig as the time came. Target 1 ticked a lot of boxes from the outset so we are excited to see the forthcoming first cores."

It is important to note:
To date, 6 high priority drill targets have been verified through modelling of geochemical and geophysical results.

Target 1 (which is the first drill that is happening as we speak) - is one of their highest priority drilling targets (with maximum potential for great results). Then there is the other 5 high priority drill targets which have been verified with geochemical / geophysical results.

So i guess this is also what punters see as a risk. If target 1 finds nothing (and target 1 is the one that 'ticked a lot of boxes') - then the chance of success becomes less with the remaining targets.

But you could reverse the sentiment and say that Target 1 has a huge chance of success given it has ticked a lot of boxes and has been verified through modelling of geochemical/geophysical results etc.

All in all you've got to risk it for the biscuit. As long as you understand the play, and have invested an amount you are comfortable with - that's all that matters.