RE:RE:Optimal discovery hole location at Carscallen identifiedNukey you make a good case in this regard. If there has not been a glory hole with this play with hundreds of holes being drilled then it would be fair to say that either the project is without merit or the technical team has no clue as to what they are doing. I would say the latter is the most probable of the two.
Denton7 appears to have called all the problems with Melkior failures with mostly uneconomic drill holes so there might be a case for the company to try something different outside of the box from the way that they have been doing it for the past 7 years. So far the vast majority of it unsuccessful while more warrants are handed out at ridiculous prices and expiry terms.
If the project has been whittled down to a few drill holes by some third party evaluation, it sure sounds like it would beat hands down, the rational behind continuing to spread a few more hundred the way the company has been doing for longer than it should have been performed before making some major changes to the plan of action.
I am sure by now that the major shareholders are starting to question the blatent lack of exploration rational that has been incured when looking at the results base and now there are further plans to drill what they already know is an uneconomic scenario at surface. At this point you might as well throw down a few hail mary type holes instead of drilling the project like swiss cheese.