Its a long shot guys....but I tend to agree with you. From my past experiences, bad new is kept on the low, low to try and minimise the impact as much as possible If there was nothing to report in the cores, I certainly would not be sending out a tweet with positive undertones.
It could be an each way bet. Promising cores, with nothing earth shattering, but getting closer to the big hit.
Question for our expert explorers out there, does the DHEM start immediately after each hole is drilled, or after all the holes are drilled?
Following completion of the holes, the Company will follow-up with downhole EM surveys. The use of downhole EM surveys is used extensively across the industry and in particular by other PGE-Ni-Cu explorers in the region. It allows the Company to more accurately model conductors in a 3D environment.
If they started the DHEM as soon as 20a hole was completed, they may have DHEM data already. If so, maybe the hole did not uncover anything of significance, but the follow up DHEM has picked up something big in the vicinity..... proving it was a near miss. Is this possible?
Just a theory people....
PUR Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
