Ann: Quarterly Activities Report, page-6

Nobody else surprised?
Even in the preso he says if they have few km we are talking serious money. undisputed. Was obvious from the first survey line much of the mineralization was B-C-D and they go and do another 2 freaking lines over B-C-D-E taking the survey area to probably less than 400m strike? At what cost? So what: more mobilisation costs for another line or two down the track?


So now what? test drill those areas for another cap raise, then another teaser survey and another tiny drill and another cap raise? I cannot see the logic for such a small survey extension and such a large 'expl spend' for the quarter where pretty much nothing visible happened apart from a what... $50k excavator hire and a what... $50k small IP survey.

Something seems seriously off here. Anyone know who the service vendor companies were? I am wondering if there is any link btw low activity yet seemingly high cost services and the multiple licences hold up.

The economics of this approach seem like modern fiscal policy to me.