Ann: Follow Up Drilling at Liontown, page-8

Risk is a factor of consequences or severity and frequency or likelihood. The frequency or likelihood of hitting a new discovery from the first drill holes was low but better than many exploration targets. The consequences of hitting a new discovery were enormous to the upside, potentially company making. The consequences of not making a new discovery were low, we spent a bit of money and reduced our undrilled targets by 1. Therefore, a very acceptable risk reward equation for an exploration target. Not a silly side quest, a legitimate exploration project.
DYOR Not investment advice.