Who remembers all the hype when the SP was over $2 ?There is no...

Who remembers all the hype when the SP was over $2 ?

There is no doubt in my mind that hype was well intended and well based - but this is specie exploration and there is never a guarantee.
Now the original directors have flown, and the only section showing drilling provided in this Q is ---



If that is meant to be representative - it only shows ~ 750m of a claimed 2000m strike - and we have no cross sections at all - then we can conclude that Beecher is of limited economic value. In fact the southern end except for a few spots is a dud.

That is what we should now take forward - Beecher could (would) provide valuable but limited economic ore to a IR1 Black Hills processing plant.

The valid long term program is to move on to the other prospects on patented claims - Tin Mountain first.
And that is the basis for holders to continue holding and possibly topping up. Remember Iris had First Mover Advantage, and has acquired many claims.

Taking the above into consideration I have changed my sentiment to HOLD, from BUY and will now wait and see how Tin Mountain stands up to a comprehensive drilling campaign, and what Beecher returns with some further step out drilling.

There are many upsides to exploration in The Black Hills, within the continental USA, especially on patented claims in a mining friendly State - and they remain valid.

GL all, lets hope this one turns around - and shocks us all by its recovery. But this is only my personal view, not advice.