How was red valley a failure? This is a speculative mining...

How was red valley a failure? This is a speculative mining investment company. A geologist found similarities in the makup of land formations and mineral groups next door to the U.S's only lithium producer.
It was worth the few hundred grand to see if it would make potentially hundreds of millions of dollars. The results were not good enough for a viable mine site but seriously. CoCu could have come back as having the locals scatter rocks on the surface via helicopter.
This is the business we are in here. Even if it wasnt a geologist that presented the prospectus. If my neighbour was pulling gold out of his back yard id buy a wash plant and and an excavator, move the dog house and dig that bitch through to China.