RE: RE: hmm mmw
Simple:
Because reserves cost money - lots of money - to establish through expensive exploration. There is mineralization there undoubtedly, but it will require significant dilution to pay for bringing it together into a mine plan.
My risk/reward ratio improves inversely proportional to the cost basis of my shares. So, waiting on those cheaper shares to lower risk/improve reward.
Due diligence is a better practice than buying in and hoping for the best.