MMB magma metals limited

The last ann did state: Quote "The current strategy for TBND003...

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    The last ann did state: Quote "The current strategy for TBND003 is to extend the hole to approximately 300m. If the target ultramafic unit has not been intersected at this depth then the hole will be terminated and a hole will be drilled from the eastern side of the lake to intersect it".
    Surely this T/H has nothing to do with not finding anything, as the company has already prepared the stockholder by the statement above. MMB have also stated that they will start the next hole on the eastern side if nothing is found. This does not require a T/H.
    Could it be something to do with one of its holdings in Australia, and nothing to do with Thunder Bay??
 
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Currently unlisted public company.

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