the board can impose limitations, that's true. but at the end of the day he was given decent budget and during the initial results the BoDs approved extra spending. It seems the BoDs is supportive and when funds become thin, they have to make sure there is enough liquidity to survive.
He was allowed to do more magnetics in order to help with selecting where to drill so it is up to him to find where the porphyry is - assuming there one or more there.
With the latest drilling the BoDs may have restricted how deep these holes will be and that could be unfortunate but if the funds don't allow for more spending that they have to make those hard calls.
I think they may be looking at CR now - especially if there are no prospects for JV. SP holding above 6c is saying no CR though. At least how I read it.
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