I think it's very obvious. They are delaying releasing it because they are forced to report the results of the 3 bad holes (1,2 and 3) and don't want to upset the market. So are delaying till they cut the core, send to the lab and wait on the outcome on the only potentially life saving hole. Number 4. Which is the wildcard here. Drilled into a small gravity anomaly (hematite alteration), within a large magnetic response (magnetic proportion of the plug).
It's very clearly a IOCG with a smaller hematite core. There is copper. The question (and hence the inherit risk that remains) is this distal copper from the Oak Dam deposit or a primary source. Bornite is encouraging. Risky as all hell, as director is not a geo (though he gets advice) and may be just supporting the stock for the future, with a more long term view, not because he's been advised hole 4 is a ripper. I've seen this a few times in the past.
This is the risk we take. I was a top 20 shareholder for a while there. Sold after seeing the first 3 holes. Now back in for a smaller parcel on the 'Hail Mary' on hole 4. We are very close to getting our answer.
Best of luck to all involved. If they hit - 50c and beyond. If not, well you know...
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