all ships leak in this industry. If KNB proves ~200m extension...

all ships leak in this industry.

If KNB proves ~200m extension then this will start to look promising. Drilling less than 100m step-out holes will not excite the market much. Especially when the grades are falling.

But if they hit above 1g/t again ~100m below this hole than things will start to look promising. Also, if KNB finds another similar orebody nearby.

Right now there is promise but the area is too small and grades start to decline too soon. That explains the selling in recent days.

If SP falls below 4c it might be good entry point to take a position again - my own view and not a fin advice.