PerspectiveIt's easy to be a seller today on the runup without paying undue attention to the big picture. From my cheap seat in the peanut gallery, it looks like the meat of the deposit is blind under a limestone cover. Prior drilling where soil samples revealed high gold in soil to the west was unrewarding.
It ain't always where we think it should be. As a VMS deposit we can expect a continuous blanket of base and precious metals downcurrent from the underwater vent. But we don't know where the vent was back then and uplifting has muddied the waters further. Where the hell is the copper associated with the pipe? Why did we get the early sniff of gold/zinc in the west which is supposed to be too far from the temperature gradient for deposition?
How about the possibility that it's all bass-ackwards and that the pipe is going to be found at a lower gradient a long way east i.e. in the direction of the apparent dip? With a westerly curent bringing deposition out from under today's limestone cover this thesis would have the pipe with the high grade copper yet to be found somewhere to the east. I look forward to 17-35 with huge interest because if the copper starts to increase, we are indeed heading in the right direction.
You' don't have to buy today, but it seems foolish to me to sit on the sidelines should 17-35 come in strong, simply because our market cap at 41c is tiny in comparison to the potential of this single deposit, never mind the possibility of multiple deposits.