In one of the Just Stocks interviews (I'll try and track it down again) AP states and then reiterates the drill plan across all of site is structured to maximise shareholder value. He doesn't want to waste money & that's great,, You'd like more MD's to do the same..
But you correct Paulie, in that the "strategy" is a double edged sword down in here in spec town were a decision to save money can actually cost the SH, at least in the short term.
Theoretically AP only has to drill up to 6weeks prior to FS release date in order to get all ounces on board for that analysis & at last call he had 12m worth of clear runway.
That said, there is more than one project however & I'm unaware of the required spend on each to keep them ticking over.
Personally, if you identify a main target as a jnr then I feel the best strategy is to throw everything at it until it proves up or peters out. Then you either pop then cork or move on to the next project.
No one in history has ever won a war on 3 fronts, there's something in that.. ;-)
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In one of the Just Stocks interviews (I'll try and track it down...
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7.1¢ |
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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