Disappointing results?? Come on lets put things into context. This is a greenfields project which has returned significant results from first pass RC drilling of surface geochem anomalism. Seven RC holes were drilled of which five returned significant (>=0.1g/t Au) results. A lot more drilling is required to outline the extent mineralisation as they have barely scrathed the surface. Its open in all directions and they have a lot of strike and depth to test. Especially to the west where transported cover masks surface geochemistry and where the aircore drilling was ineffective. In my opinion the second announcement hasn't significantly changed the fundamentals of the project.
Don't throw the baby out with the bath water yet.
Only my two cents worth - would like to hear others thoughts.
BDR Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
