@Basumal, agree, before giving up they should have drilled at least some of the other areas to confirm the view they may have formed. You generally don't find what you think is there first drill - like CHN - did. CHN/PMT are exceptions to what happens on a first drill. 1 in 100 exploration plays ever get to mining so interesting too me as well why they didn't drill more, and IMO they probably should have informed the market the reason why given the cash they had at hand at the time and the fact they could afford a few more drills.
Anyway, EM can give you false readings but drilling at least confirms a view or otherwise, but certainly IMO they should have drilled some of the other identified areas. That is past history - I guess see how they go this time and I suspect what drew them to the latest acquisition is its proximity to ASN and the location been in the US. although a spodumene based acquisition IMO would be better given the future appears too me to be lithium hydroxide, and the cost to get there is less for spodumene based deposits than other types - refer Post #:66338596 All IMO and hopefully it all works out for you all
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