I was under the assumption that the rigs may have disappeared through winter considering the additional hurdles operating during the wet season (bogged down, rain/mud issues etc) - rigs on site would have maximum impact in the dry season. Purely an assumption though.
I do recall in the StkHd interview that PB mentioned that some of the core was still being processed ie: still hadn't made it's way to the lab so perhaps a bit of a backlog on site processing the current core?
You're right though regarding the sentiment and raising at these levels too - luckily the camp offsets a bit of the cash burn so perhaps Medallion could withstand a bit of a lull whilst treading water waiting for sentiment to improve.
