Management decided to participate in the latest CR, 5 weeks after the 10000m of AC and RC drilling has commenced.
Typical RC drilling is of 150m (sometimes more some times less) and each hole is completed in 1 day.
With typical 2-4 drill rigs working on site, after the first 3 weeks they would have finished 30-60 holes and sent straight to the lab. Normally companies would send each of batch of samples of 10 holes or so to the lab. So, what it means is Management must have a good idea of what the drilling has intercepted by the 5th week.
The fact they decided to buy more shares is a strong tick of confidence they know what the drilling has intercepted IMO.
Looking forward to drilling assay release.
MTM Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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