Ann: Tregony Drilling Returns High-Grade Intercepts, page-5

  1. 417 Posts.
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    I think your second option was the correct one. Why go exploring for gold when there was little interest in explorers and very difficult to raise funds, that way leads to massive dilution. They chose to keep their expenses to the absolute minimum and conserve their capital. Now they have come out into the open and we can see them as they truly are.
 
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