If the SP decline was because of more drilling needed to support the feasibility of the project, then those investors and inso are shouldn't be in the industry.
More drilling are always needed to a viable project during BFS & would normally extend to post BFS stage, in the other word, any viable project will & expect to have have multiple resource upgrade and announcement every few months. If a project only have 1 x resource upgrade, then the project must be either not viable or RIP. Have a look of FMG, PLS, CXO and others during their BFS, how many resource upgrade and upgrade statement have they announced dude?
Having enough JORC statement to secure finance is the key and fit for purpose, don't waste time to upgrade all, smart way to do the BFS in the industry.
HIO Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
