I am perhaps reading too much into it and choosing to ignore the stated "uncertainty regarding the significance of the visible mineralisation", but given that they had stopped reporting visible readings from the RC drills, then decided it was material enough to release the T2 news, this indicates to me that it is pretty significant. I wonder whether it was Hanna who was the more cautionary one, and the geologist Rensburg who was a lot more excited about the significance of this. Given Rensburg's experience with these types of deposits (remember >900 holes of this same style of mineralisation) perhaps his opinion won out.
It could easily be the other way around with Rensburg questioning the significance of the results, but imho this is the less likely option given:
a) Hanna has always struck me as very cautious (when speaking in April and in email exchanges), and
b) I get the feeling no one tells JVR what to put his name to!
They're obviously interested enough to put 13 holes into the ground there too.
MOD Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
