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"This year’s campaign will also enable us to prepare for the significant drilling required to bring these targets into a resource estimate."
Translation: it's much more fun poking holes in the ground and tramping through the tundra swatting mosquitos and COLLECTING ROCK SAMPLES than actually bringing a property into production.
And in case you missed it, yesterday Argonaut raised $110 million in equity to bring the Magino deposit near Wawa into production with proven and probable reserves of 2.1 million oz grading 1.13 g/t. Some companies take advantage of the times, others run ground geophysics.