This company looks like its going to the wall on these results....

This company looks like its going to the wall on these results. The chairman said the goal of opening challenger was to access challenger deeps, these results - which look like grade control drilling to shore-up a mining level - are very average at best.

Considering it would cost over $1m to get to the level, and this is supposed to be a large source of ore it does not look promising. Its looks to be ~50m of strike worth of economic mining on that level - simply not enough to justify developing to!

In this frothy market theres a reason that funding is 'slower than anticipated'. The risk of this company even at $20m MC is off the charts, and the upside is what? That it might simply survive?