I actually think they are very cautious in their approach in order to conserve funds.
They do a lot of rock chipping and geophysics to work out best potential of drill finding something then a few holes to test.
I have been in other explorers where they raise, then plan an expensive diamond drill program and hit dusters then raise again and do it all over.
Exploration is difficult and I think they are giving a good chance of finding something at low cost.
Kula is about looking for resources near known mines and haven't had a good run lately but always one drill away from a new discovery.
High risk high reward play....we all know that right? So not sure why people down on the company? There are safer plays out there like blue chips or explorers that have already hit something.
Check Mcaps and make the decision.
KGD Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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