Maybe not as "bad" as it seems. In trying to interpret the geology, after BTE4 which they say was near the proposed synclinal body, they got a reasobable hit with BTE5 based on their hypothesis. Now BTE 5 is 6kms from the first two good holes, so if, and its a speculative if, BTE5 is on the same structure as the fisrt two holes then its very positive. A few more holes between BTE5 and BTE 1&2 may confirm if it is all one big structure. You would have to think thats where they would be positioning the next few holes.
I sold down only 30% my hodings on the news. ( in at around 7 cents). Am holding the rest for the next drilling campaign
CEO Price at posting:
9.5¢ Sentiment: LT Buy Disclosure: Held