RE:Patience pays off
Yes Steele2, Exploration isn't just drilling and always finding a high grade zone. Some companies take years to close in on a deposit. Some give up and walk away only for another to come and finish the job and find the paydirt. What has occured on these drill results is the zone thought to have gold, didn't so it's time to adjust. I'm certain an experienced geologist like Greg Hahn has already formulated the next zone and drilling will begin in mid February with hopefully a quicker turnaround to report results. That was half the problem with this last 10 drill holes. It is hard to manage an exploration company from a management and shareholder standpoint because no one knows where they stand. Management cannot determine the next drill zone and shareholders cannot manage their holdings confidently based on results. Patience pays though usually pays off. Complaining and blaming doesn't work either. Anyone who wants to call this readjustment a failure should sell and move on. Perhaps investing in less risk for them would be wiser. It is rare that an exploration company becomes a lottery win.