GSR exploration and management teamWere under a lot of pressure to deliver and they were too eager to prove themselves to Newmont, to investing community and to us, the small shareholders.
The decision to drill before the data collected by Newmont was compiled was not a complete waste of money (I estimate 1.2M was spent on drilling) as it provides valuable information for the next exploration stage. The drill results were mediocre, but they could have been stellar, too. They got high grade gold over meaningful widths many times on this property. There is a lot of high grade gold on Plateau, but finding "the source" is not a slam dunk.
They made their call, they lost the right to call the shots on Plateau. I would call it a blessing in disguise, as I have no doubt Newmont will do their homework before the next drilling campaign.
GLTA