Spot on! There is absolutely no correlation between the drilling...

Spot on! There is absolutely no correlation between the drilling XTC are doing compared to LCL.

The comparison and statement of the rig being old is complete amateurish.

For starters, XTC are planning 18 shallow RC drills. LCL are all 300m + deep Diamond Cores which is will be used for both geological modelling and metallurgical testing, these guys aren't mucking around!

Traders emphasize too much on the drill results, it is complete utter nonsense and stupidity, you are never going to make any serious money doing that shit. Much better off punting on a live bet on Sportsbet of the TAB, the odds are better.

Those that have done their research know the LCL's goal here. The Miraflores feasibility was a positive one, however, as Jason has stated in previous interviews, whilst, the MF feasibility qualifies and ticks all boxes to commence small scale mining, they have bigger visions on production of a much bigger scale with views of being a regional scale processing operation.

They know there is gold within the other targets, the announcement confirms this, it's all a process now of delineating and defining what is there. The Tesorito style of mineralization should be pretty cost effective to drill and measure up. Obviously, still early days.

LCL is a long play, great value and potential for a multibag return, if one backs the company to be a progress to the next stage of development as a 250,000Oz P.A + producer with a resource of 5Moz within 3 years.

The gold market now is very different to what it was in the last bull market of 2009-2012. During the last bull market, grass explorers were achieving ridiculously large market cap valuations, however, this time it's different. Broadly, investors are more sophisticated now and not all explorers are going to 'run' and trading of 'drills' speculation is complete stupidity. In order to have any chance of a decent ROI, you have to go long, back good fundamentals, back a prospect that can be mine ready withing the next 24-36 months. Wouldn't waste any time on grass root explorers, chances are, they've probably missed the boat.