Ann: Western Queen Drilling Commenced, page-23

50m centres is a waste of money. No one cares if you can add 70koz to the resource - its still not material. Material is >750koz?

My reasoning - You have $800k for drilling;

• Drill 50m centres you add ~70koz you raise money at lows.
• Drill 200m centres and show the market you can potentially add 500koz (yes won't be resource category), market likes this and you get to raise higher.

Its all about get more bang (oz's) for buck. I remember Dacian did this back in the day with 100m centres, added 250koz in a single, short drill program. This started their initial run.