They are drilling a resource that has been magnetically surveyed...

They are drilling a resource that has been magnetically surveyed and with rock chip samples. History would say they would not drill if they werent confident of finding anything...there is an assumption that something is there. Hence why there is value in this stock. Granted many are many shares on issue. Lets wait for the drill results.

Faith will be restored for those that wait. PDY are on the right track.