So far they have only drilled 23 RC holes, which is nothing in the scheme of things. Still another 30 to drill across the tenement, including the northern target. Given the sheer size of the gravity/magnetic anomalies, I would find it very hard to believe that the whole tenement would come up with absolutely nothing. Even if they discovered only 10 or 20 M tonnes, at the right grade and depth (if shallow) it would probably be economical, given how close to Port it is.
Market has totally overreacted imo.
M4M Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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