Ann: AGM Presentation, page-19

Although I would love to think that 4CE will find an AVZ style peg, I personally think it’s more feasible that drilling will reveal a similar sub surface structure to what TTX recently discovered. Being multiple ribbons of pegs as per the pic below:



That would explain why they keep finding lots of new pegs at surface....IMO it’s most likely lots of ribbons of pegs. Of course I’m more than happy to be wrong.

Also IMO one rig is enough for now. Keeps the costs down when we are at such an early stage of exploration. Not only would multiple drill rigs up front cost more, they would also cause extra dilution to the share register before we even know that we have a viable resource.

Better to spend that kind of cash once the initial drill campaign has revealed a clearer picture of what lies beneath.

Then if they choose to use multiple drill rigs for the next phase of drilling the CR will hopefully occur at a much higher share price, and thus less dilution.