Good and bad with this statement. A "few thousand meters per year" isn't a total disaster and should find you something. HLX has had some success, and they could have build on that as it was...
But I agree going all out is the only way to success if there is something there worth exploiting. Just wish the dilution was lower IMO.
Ann: $13m equity raising to accelerate Cobar copper discovery, page-17
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