Respectfully, you don't "drill on the perimeter then go in" to build anticipation or anything else. NO COMPANY WOULD EVER DO THIS.
Drilling is an inexact science. They take their best guess then drill it. They interpret those results then drill again. Proving up a resource takes NUMEROUS drill holes, not just a couple. NO ONE is going to buy the company, make a low ball offer, etc without substantially more than has been completed here.
The best thing to happen is for folks to get proper expectations in their heads regarding the stage of development and what is needed to attract any potential suitors. Look at any junior that is run by executives that formerly worked with a major and it is all the same exact game plan.
1. Do the geo ground work (already done here)
2. Drill aggresively (not really so much here but it is building)
3. Inform shareholders of the plan (not by a mile here)
4. Keep them informed (wink, wink, nod, nod isn't what I am referring to)
5. Continue to build value based on metrics and facts vs hype and innuendo. That's what leads to big buyouts vs 70% crashes in valuation in a week's time.
It's ok to be "long" and demand accountability and transparency. It is not too much to ask of management if there is "far more to this than most realize" to provide some guidance to add clarity to the plan to maximize the value of that "far more".
We haven't seen the "clarification" or the location of the holes becuase they probably were dead in the middle of the anomaly. And that isnt' necessarily a bad thing as the targeted area is huge and the geos on site will adapt the drilling after every run to more accurately target what the testing indicates is there.
I would love to see an update that not only justifies the current $115mm market cap but shows to the very large number of investors who are still watching this closely why that number is undervalued.
My humble opinion only.
