I'm not suggesting that VMS barge ahead recklessly with spending. However, as the company has recognized drill rigs are cheaper and more available now. Why not continue drilling at the discovery area targeting the highest probability holes? It won't break the bank to keep going, at least with some kind of program, and the costs are good now.

Also, unless they have already agreed not to continue drilling with Hud Bay, I can't see how this activity would not improve leverage in any negotiations.

Yes, I'm speculating in the dark here but I still feel the best companies will take advantage of this market if they have cash by forging ahead with strategic initiatives. I'm not sure that VMS is doing this.