Well indeed perhaps the directors do indeed have reason to be...

Well indeed perhaps the directors do indeed have reason to be excited....perhaps even very excited.

Okay , there is a certain amount of priming the pump going on by releasing encouraging sounding announcement with the capital raising activity going on at the moment. So we can accept that a little window dressing is going on here too.

However, putting that aspect to one side, there is a good deal of valuable comment in this announcement about this particular feature at Narndee.

I think the most important comment in some ways is the observation that previous drilling had stopped at about 90 metres depth before getting into the structure/body that has been identified as being of significance and interest.

I know watso has been a bit dismissive of Narndee in some past posts claiming that many of the tennements had been poked and prodded by other companies in the past.

Well, it looks as though this could well show that the poking and prodding was not thorough enough and simply claiming that some other company had looked and walked away in the past is no indication that Narndee has nothing significant to offer MXR.

Intersting times ! Sleeping giant ?