RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Drilling at the Marathon Deposit Increases Strike of Deeper I guess there's a difference in perspective here. From discovery to mine these days takes decades. Unless you're just trading, if you're in this game that's the sort of timeframe you shoud be thinking in. The MOZ management have methodically taken a deposit from discovery to feasibility to sale to a major in the past (Marathon PGM). To me it appears that they are doing the same thing here - carefully managing our money and using it as efficiently as they can to prove up a resource that can be turned into reserves, keeping discovery costs low. If you looked at their history, I think you'd expect them to behave exactly as they are behaving.
Doing a resource update that's not going to be used in a PEA would not contribue one ounce to the resource. It costs real money to do the studies that update resource estimates. It is necessary to spend that money to get input for the PEA, but if you're going to continue driling and have to update the resource again before a PEA, it is more efficient to spend that money on another hole. If you're looking for a regular scorecard on how well we're doing, that's what the published drill results give you.
I'm not unhappy with the way these guys manage my money. I'm not thrilled with the way the market reacts to them, but that's not something in their control.