"The small areas of potential value are hundreds of meters down and except for a 1 meter size, out of over 400 meters of drilling, not great."
Please note that the objective of hole #4 (L14-22) was to hit and verify the location of a large volume copper porphyry. In fact, along the way they found a 7.0 meter section 338.5 m – 345.5 m) averaged 3.12 g/t Au, 34.71 g/t Ag and 0.57% Cu with the 1 meter massive sulfide section (339.5 m – 340.5 m) assaying 19.31 g/t Au, 198.00 g/t Ag and 3.66% Cu.
To use the often referred to orange, as they drilled to find the interior pulp of the orange it appears that the fracturing that caused them to fail punching through to the pulp was as they were coming in contact with the surface skin of the orange. Now they will make a change to attack the skin from a different angle. If this new angle allows them to "punch through" the skin we will know quickly how thick the skin is, its concentration, and how thick the pulp and its percent concentration is while drilling from this new angle to see if there is an exit point within reach to determine the pulps total depth, both top and bottom.
"The small areas of potential value are hundreds of meters down and except for a 1 meter size, out of over 400 meters of drilling, not great."
The small area of potential value you speak of is called "overburden". It does have value but at this time it holds little to no value to the pulp of the orange. If/when the pulp (economical copper porphyry) is found then I assume the value of that vein will be captured as the overburden is removed.
"The information we're not being told about insider transactions selling shares provides strong evidence to me of what's really taking place, why the stock continues to fall and why it's likely to get worse."
If there is not significant selling by insiders then how would the lack of reporting that selling that is not occurring be strong evidence of what is really taking place when there is no report of it occurring? It's my understanding that no one is required or encouraged to report when they are not selling.
"Then reading about the fault lines and the difficulty drilling the area it becomes clear the extraction is going to be an expensive and time-consuming effort."
Extraction is not done from the orange through a straw via the drill hole. It's done by removing the overburden as an open pit operation. The equipment used to construct the open pit would not notice the fault lines as they cleared them away. The fault lines might only be considered in the design of the open pit.
