Respectfully Sculpin, the article you referenced noted that the company drilled SUBSEQUENT holes, not INITIAL holes to delineate the outer boundaries of the ore zone once they found it with the INITIAL drilling.

In the case of SLI, there is nothing wrong with saying that the intention was to hit the ore but instead they hit what appears to be the outer edge and based on that knowledge reinterpreted where to drill.

The company has good reason to believe there is quite a bit of gold to be found given the historical trenching and bulk sample results. However, it is not served well by "spinning" the results or having folks try to spin them for them.

It is what it is. They drilled it, didn't get what they expected (at least as released to date) then interpreted what they found to drill further. It is the exact same procedure that every mining company follows. Until they release more results showing why the tonnage and grade reflected in the current market cap is justified, they will continue to slide and could easily hit $0.30 - $0.40 (historical support level). Of course, if they release one good bonanza hole, it could spike right back up.

Given the history here, I would think that we would see a volume spike with a large price spike on no news that would be a bell cow to anyone watching that news was about to hit. Until then, it will probably be ugly given the lack of confidence in the current shareholder base.

Not bashing, just reality.