RE: A few thoughts....Agreed, at this moment expanding the land base reduces cash on hand, commits to expenditures over the 3 year period.
The SP will pop when the RE comes out, that proves the resource. It should, better and I can't think why these guys would be working for free and accumulating shares for this to flop.
BONUS: Infrastructure is adjacent to all properties and so are the BIG BOYS.
That is what the majority of JR explorers do: find a resource, determine the size, reduce as much risk as possible, get bought out.
BONUS: These guys all have worked for the BIG BOYS at some point.
BONUS: The locals and the government like them.
BONUS: We have 75% on the next field vs 26% on the existing
BONUS: We are in the process of acquiring adjacent properties to our new property.