Rocky - you'd be hard pressed to accuse TLM of dressing things up! They are very conservative in their ann IMO.
Anyone in their right mind is well aware that this is high risk and high reward project. However it's not their only project.
Things are proceeding in a methodical manner and what this ann tells us is that there is some mineralisation in the target areas. Yet to determine if there's anything significant and economic. Maybe yes - maybe no.
We each make our decision whether we want to be in on the game and for how many $. Those decisions are personal assessment of risk and reward - they're neither right or wrong (not that you said that).
The earlier criticism by soemone based on "I'm a JORC hero" is total garbage IMO - in the context of these personal decisions. Way to early to be thinking along those lines. Check out how long SFR drilled for before they found the goods.
For me it's worth a punt, but I don't have my house on it!
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