RE:gwen prestonSo since we are sending our cores clear across the country looks like we will continue to
do so? IKE
Bottom Line
Drill hole results are vital on every level. They determine where a company should or should not be exploring and they deliver answers to a market that bet on a question: does Company ABC have a discovery on its hands at project XYZ? A positive hit usually means big share price gains, which let ABC raise more money to explore, but it take more holes to find out if the hit could be a deposit.
Within all of this, timing is everything. The market is ever impatient. Geologists need answers to figure out what to do next. Summer exploration windows are short.
It all means that the current backlog at labs is putting everyone on edge. With so much uncertainty elsewhere, explorers need to be able to rely on their labs…and right now they cannot. And there’s no answer in sight. My only takeaway is: be patient with companies in asking for results because – believe me – they are even more frustrated that you!