Yeah I think sometimes juniors rush into development too quickly ... typically so as to limit dilution necessary to fund drilling (defer exploration until they can finance from cash flow). I don’t think this is always the best option and typically requires a different skill set to what the company possesses. Ed seems to be pushing the drilling route and I think he recognise that to get premium value you need size/critical mass. Let’s see how these next drill results come out but I’m all for it.
Simon Lill interview, page-10
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