Yeah, agree with you. Been saying about GLN since it was 67c....

Yeah, agree with you. Been saying about GLN since it was 67c. You could have save plenty of money.

Holes 2 and 4 I think they tested the boundary where high grade ends. Think about it, why they didn't drill more holes near Hole 2 and further south?

They drilled hole 2 and realised probably central and South areas all low grade and junk area, they moved further north closer to hole 1. They already know near hole 1 will be high grades, that's why most of holes all drilled around Hole 1. Why drill hole 8 so close to hole 1? They could have drill hole 8 further south of hole 2, but they didn't.

They moved to drill Hole 4 to see where high grade boundary ends. Clearly they were checking where the high grade ends (which is hole 7).

If you do the maths, that is about 100,000 tons or less. They definitely will not include Holes 2 and 4 in JORC because clearly they have not drill enough holes near those two holes (confidence interval will be low). Those two holes (2 and 4) were drilled to test the boundary of where high grade ends.

It costs about $500 millions to build a mine. Your profit margin is roughly about USD$7000 per ton if you only mine high grade area (3.5 km by 2.5 km). So clearly 100,000 tons will not be profitable or at least large companies will not be interested. Besides it is impossible to have 100% recovery and drain 100% of high grade brine.