They are rock lickers (or nugget lickers in this case), not money makers.
The market won't care until they start being a bit more entrepreneurial in their approach.
I say just drill a couple of deep diamond holes and if they don't find anything, just ditch purdys and concentrate on their cobalt project before the bubble bursts (and it will eventually, like everything else).
The market doesn't care about complicated models and theories.
Just get on with it and do something with the ground you have.
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