Correlation does not imply causation.
Yes, they have had unsuccessful past. A lot of successful companies have, part of the game. Increasing land holding is a positive sign that the company is confident in their exploration strategy.
The lack of share price performance is due to a lack of news, particularly on the gold front (the nickel is a great find, however; how this will be economically viable is yet to be effectively communicated), the whole industry is experiencing this with assay TAT.
In regards to prospectivity; with the amount of drilling at Edelson and the past intersections:
Edelson is already a 'discovery' and has enough to define an low grade inferred resource. However delineation of high grade lodes will 'firm' up the resource, so we wait...
We already have management confirming visible gold, so we have multiple intersection incoming. Plus the Nickel.
I think it is imprudent to write off a company just because you don't think the management is sincere, the bottom line with any company director is they are the last to sell. It's the small punters that make the quick bucks and can be flexible...management have from the start have had one option; make a discovery and turn it into a operation (or sell it). I think they have made a discovery on two fronts, now comes the hard work of refining and growing. The market will wake up as always...in time.
