Ann: Niobium-REE Target Takes Shape, page-36

That is basically how 99% of explorers operate, unless they are lucky enough to have a major shareholder who props them up financially on a constant basis. Some explorers hit an economic deposit...some don't. Right now, we are in the don't category but all of that can change very quickly with one drill hole.
Historically speaking, the majority of explorers do not hit an economic deposit, they are diluted away and collapse. The rare ones that do find a decent deposit, are taken out very soon after discovery on the cheap by the big fish. There are only a few diamonds in the rough that make it all the way themselves and see 100x + gains. Looks like WA1 is one of those.
Anyway, as investors in the speculative sector, we are all aware of this, you do not have to tell us otherwise. We continue holding in the hope we finally hit something significant!
All I ask of management is to halt the Li focus. A very dead industry and it will never go back to what it once was. The public mindset has shifted, its impossible to come back from that!

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