I think you're right Option1 --if there was at least a sniff of good drilling results out there the SP would be back up towards the 10 cents mark . I think the company is being run by accountants not geologists , so it is difficult to work out whether they are mining decent ground or the shareholders' pockets !
I am so disillusioned with this dog -- bought in months ago at 12 cents based on hype , but results so far are extremely poor . Perhaps a change of managemnent is warranted ? Boo Hiss .
CVX Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held