I actually think it is completely unnecessary not just strange, what are they all going to be doing, other than ensuring an unsustainable massive cash burn. How can this be justified at this stage of the game cant the MD manage a small drill program and a couple of consultants for +$300k what a joke if you ask me not to mention 4 people on the board + a CFO and a separate Company Secretary I would not put 1 cent into this because it will just burn up your cash with nothing to show for it. As Fooca has laid out all the studies have been done many times over new drilling in between the previous drilling will not improve anything. The IGR spells it out explicitly no infill drilling will upgrade or expand the resource other than perhaps at significant depth but ultimately more of the same low grade extremely high contaminants. All in my own opinion of course DYOR...
EQN Price at posting:
20.5¢ Sentiment: None Disclosure: Not Held
