Speaking as a longterm holder who intends to maintain a position...
I believe the correct order of events regarding exploration is soil sampling/rock chips, gravity/lP survey, establish a geological model, estimate a size of the potential resource, extensive desktop modelling and THEN select some drill targets.
If management continues to blunder along like this...hoping...then the money will be gone soon. I expect they are counting on another $500k tax rebate and hope to land a grant from the ***mint for Mt A. I think the most likely good result will be from testing white deer reef...which if it hits gold should spark a rally, but because the kitty will have been emptied a CR is bound to follow.
I am holding in the expectation that all management wants is a quick rise in the SP so they can finally take a profit and then sell the company to someone else...IMO that's what these fluffy, non business announcements are all about. I look forward to the day when they finally move on because the next lot of management can only be an improvement
SOC Price at posting:
0.5¢ Sentiment: None Disclosure: Held
