Well people can complain all they like about managements process at moving things forward for shareholders. But here's what BHP did to hit the sweet spot with their recent drilling after 40 years of exploration in the area!
"The project is located within the Exploration Licence 5941, 65km south-east from BHP’s Olympic Dam and 45km north-east from Carrapateena, in South Australia (Figure 1). The project has a long exploration history with initial exploratory drilling completed by Western Mining Corporation in 1976 and several subsequent drilling campaigns since. Historic drilling has, however, been focused on the easternmost geophysical anomaly in the project area shown in Figure 1, with only three drill holes drilled to test the larger western anomaly between 1983 and 1985 (AD4, 7 and 13, shown in Figure 2).Recent target definition completed in 2018 included re-interpretation of historic drill hole geology, geochemistry and geophysics of the prospect and collection of new high resolution gravity. The re-assessment was followed by four drill holes to further test the geophysical anomaly (Figure 2)."
Plus i believe BHP drilled deeper than previous drilling done by WMC to hit the good stuff over 1km down hole.
Patience will be rewarded here, just let management get on with the job of finding the best spots to drill and completing the best deal possible for all shareholders to be rewarded.....
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Well people can complain all they like about managements process...
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