I think that the initial plan of extracting the bulk sample from the point closest to surface during the winter at a relatively small cost made sense. Given the promising diamond indicators I think it was a reasonable shortcut. They they would have had the bulk sample results almost as quickly as doing all the core samples. When that failed, they moved onto the other location and committed themselves to completing the bulk sample no matter what. Remember the delays and extra cost? That was where the mistakes were made. If they had known how expensive and late the extraction would be, they probably would have used the core sample strategy.

Looking back, I would have to say the inexperience of the team and the poor advice of their consultants is the root cause putting us where we are today. I always say we need to judge how they recover and learn from mistakes, not by the original mistake. So their hiring of Jennifer and her experience, and their current strategy, is what we are now investing in. And still in the promising indicators.

The market cap this morning was $5MM. No way it will stay this low. IMO.

Ted