The issue is the deeper holes. Remember, the model involves a higher grade superficial open pit dso operation to achieve cashflows to fund the deeper zone exploration. At the moment, the deeper zone results are disappointing because whilst some aspect of the geological model was confirmed, it was not enough to validate market expectation. Question is what was market expectation - It needed to assess the validity of the lodes identified in the gravity surveys - partial success as copper occurence is confirmed but low grade. At these grades, consideting the location, further exploration is required. It means cr as drilling has now stopped for 6 months.
AW1 Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
