They tend to exaggerate. But the rock chips are still probably coming from somewhere - something big or small?
Cathedral still has potential, but not high enough priority to warrant drilling it. If there was something in its shallows, particularly if better grade, it would change from 'near useless' to something better. As it stands, it's low grade and under a hill.
If the strategy was Korbel first, then we'd be testing all nearby targets with potential to improve the area's economics.
As it stands, I expect Cathedral to get tested after cash is flush. When we have a surplus of drill rigs for whatever reason - strategic partner stepped in, or RPM was generating cashflow.
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