RE:RE:RE:RE:RE:RE:NewsToo much corporate speak. If their geophysical models were so good, why not drill in a spot that would increase the reserves and resources. They had some small hits and misses, probably based largely on interpolating their existing drill holes. Exploration companies love to talk about geophysics and how it will lead to the promised land. Just an excuse for why they need more time and money.
They problem, in my opinion, is their drill program was too small to properly assess the area. They need deeper pockets to conduct a proper exploration program, or perhaps just not spend so much on board and executive compensation.
Sad results in my opinion. Was looking for an increase in reserves, not validation of a geophysical model. Maybe they can write a scientific paper on the matter.