I'm going to play devil's advocate here, and point out a few things about this release and the timing. FYI I'm a LTH having originally purchased shares around October 2018, and accumulating various times over the past few years averaging out to around 0.053. I have also recently halved my holdings, as much because I wanted to take profits as I wanted to free up funds to invest elsewhere.
Firstly, while these drill results are pretty nice (though the Cu is a bit low for my liking), how is this substantially different to previous drill results? Look at this snippet from the market announcement from 2018-11-27:
The intersection depth and width are pretty similar, along with the grades. This new hole was 68m @ 1.4g/t Au and 0.4% Cu. Not a great deal of difference.
The other thing that I notice about this is the chart. Look at the current chart for the previous 2 months vs November 2018, when coincidentally they last drilled Little Duke:
Looking similar? Something else is also similar - the lack of a crusher. The fundamental problem of getting the ore into bars still exists, and the promise of gold in the near future is the same as well.
Now, I don't think that TBA are dead in the water, but I do think there are fundamental problems that are
still not resolved, and while there is a new board (which is a good thing) they are still beating the drum with ramping, and not addressing a very key, very expensive problem.
GLTAH and DYOR
