RE:Majors are being more cautious with acquisitions... Its not 1 hole.
Its a bulk tonnage mid grade deposit with oxides in Nevada that has a substantial 1.5 million + ounce resource already and now a high-grade feeder system.
No PEA?
Look at Richfield Ventures and go through their news releases.. 2 years from first drill hole to take-over by New Gold.
They had NO PEA, and only a resource estimate and LOWER grades than we currently have. New Gold paid $550 million dollars.
Richfield Ventures