There are plenty of companies taken out before a DFS based solely on drill results. CTM itself traded for the asset based on 50km of previous drilling by Vale which I was one of the first to point out was a great move.
Ann: Jaguar Definitive Feasibility Study Update, page-69
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| Open | High | Low | Value | Volume |
| 35.0¢ | 36.5¢ | 34.5¢ | $93.37K | 265.5K |
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| No. | Vol. | Price($) |
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| 36.5¢ | 19999 | 1 |
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