I think it's safe to say we're all pretty gutted and have taken...

I think it's safe to say we're all pretty gutted and have taken some pretty hefty losses, some more than others... In hindsight there wasn't a whole lot we could have done differently (Apart from of course not buying in the first place). We are in the high risk, high reward end of town. I would however like to know why management chose to not drill hole 3 but then decided to word the announcement with multiple aquifiers.

If the announcement had came back positive, we could be looking at much more upside than our downside right now. A bag or two in the coming weeks wouldn't have been out of the question. At the very least we still have the cobalt project but with far less confidence in management. Take a step back, take a breather, might assess your strategy, come back more focused and little more sceptical. At least we weren't IIL