normally I’d agree that more drilling be good, but they are an emerging junior with limited cash. If they believe they have sufficient (or will have after infill program) to progress to feasibility and mining, then that’s the way to go. Once it’s clear to the market that a commercial operation is feasible, it will get rerated higher. Plenty of time for step out drills to find the rest of it, once in production.
cash strapped juniors have to tread a fine line. Constant CR’s at low prices doesn’t do anyone much good.
there have been some who consider management not so good. From what I’ve seen so far, they’re doing a good job with what they have.
cheers, ned.
ESS Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
