He is the KING of drill plays... here are some Warren Irwin quotes from past...

"Whether it's precious or base metals in the ground, Rosseau Asset Management founder Warren Irwin likes to see extensive, aggressive drill programs in promising deposits... he says that investments in such companies have paid off in the past and are likely to do so in the future. Gold or silver, copper or nickel, even if commodity prices fall, he argues that the miners with the higher-grade deposits and busy drills have—and offer—the best price protection."

"I'm a real fan of drill plays. I'm not a fan of near-term producers"

"I've been investing in these sectors for years and one thing I try to avoid is a view on the commodity itself. I try to invest in the companies within a sector that have tremendous upside potential, whether the commodity goes up or not. If the commodity declines in value, extensive drill programs will help offset that decline. This approach has worked really well for us."