Previous companys I have been interested in have not drilled the entire depth due to either limitations of the equipment on the various terrains, or in fact failure of the drill strings.
Others (FNT) ran out of drill strings and could not keep drilling even though they were still realising mineralisation.
So I would not read too much into the depths, this is only a preliminary drilling and if they do find anything worthwhile, they will be doing further depths to firm up an estimated resource.
Personally I am going to continue to hold this stock until either Brockman results are out, or they firm up one of their many other projects.
While the iron ore is definitely what is bringing peoples attention, the nickel, gold and uranium are also of interest to an investor.
So keeping in mind they have a bucket of cash on hand and several other projects, I anticipate upwards share price movement at some point.
Shame they did not have the drill results today, I am sure many people are awaiting them.
JMS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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