Yeah but without the EM, they still wouldn’t have any drill targets. AC is like a one in a million chance of hitting a 3m wide komatiite sulphide channel. I agree that EM is not perfect, in fact it has warts all over it, but I reckon AC also has warts all over it and they are much more expensive warts.
Thanks for your opinion though and kudos for the well thought out points. I agree with everything you say. I’m in QLD and AC rigs basically don’t exist over here, they are a WA phenomenon. I’ve selling out of companies that use thousands of AC metres as their primary exploration tool. In my experience they run out of money before making discoveries and the best discoveries are usually found drilling geophysical anomalies.
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