RE:RE:ATAC Resources Intersects 40.22 m of 6.57 g/t Gold, RacklaEarlier this summer, I would have agreed with you, Shawk. However, in hindsight, management's decision to scale back drilling was probably the right one. It was a calculated gamble and would of looked very foolish had gold prices rose instead of sinking to the current levels. There is little use drilling if the commodity price is sinking. We experienced this 2012, where no matter how spectacular the drill intercepts were, the sp kept sinking.
If Berman and other analysts correctly predicted that gold was going to take one more ratchet downward before it starts a rise, then likely management had the same information. Might as well keep the powder dry and save funds until gold prices improve.
On a more positive note, the new drill results are impressive as Conrad is starting to take shape as multi-layer deposit.