RE: I really like the prospects of this companyI went to the dentist last week because I had a pain in my tooth. He said I probably had a cavity and would need a filling ... but he wanted to do xrays first.
I said why bother, I don't want to pay for xrays if you know there's a cavity there. why not just start drilling. HE said to me "I could start drilling. but happens if I get in there and your tooth is too far gone to fill. Maybe a root canal or extraction is better" Which would you rather do pay for an xray or have me start drilling your mouth without any idea of what's in there.
I had the xray.
In PLE's case it's not a tooth, it's a huge area of land. they could start drilling and may find gold but they won't be any closer to know what part of the deposit they hit.
They also ned to understand the mapping (xray)) of the property and by doing the necessary prep work like geophysics and mapping, they are more likely to drill in the right places and more likely to be able to determine the size of the deposit with fewer holes.