"And what if they just drilled in the wrong spots?"
And what if they didn't?
This is the trouble we had before.
They decided that it must be there and just keep drilling "because we know it is there."
BUT IT WASN'T!!
If someone is out with their detector and dig a target, should they keep digging after they come across an old sardine tin?
Magnetite has the same affect.
My understanding was that we were going to drill several spots, to see if we could confirm what we thought from the work already done at the different prospects, and then revisit those prospects where we found likely results.
Going all "wildcat" just burns money meant for other drilling.
We didn't find any likely results worth spending more money on at this time.
Move on now and if the assays show we should go back then so be it.
Lockitt
ICG Price at posting:
1.8¢ Sentiment: None Disclosure: Held
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