I see the reasoning for this but aren't ZFX taking a bit of a...

I see the reasoning for this but aren't ZFX taking a bit of a gamble by prolonging the T/O.
In the recent drilling announcement AGM advised that because of the drilling results, Melba will be subject to an "increased exploration and development effort" and that following this an "increased resource estimate will be released".
What happens if this resource estimate is huge ???

It's all a game, and ZFX at this stage would be much better of pulling the pin and buying back 100 million of their own shares at a bargin price.

Exploration upgrades, how about producing a ilb of nickel ??????

Tony the ex-Posidein spin doctor.