The company is saying it didn't find the grades it hoped for near the big anomaly, but the holes were drilled on the outskirts, because they wanted to test the concept before doing the expensive road building needed to drill in the center of the anomaly. So now they will need to put in roads for drilling in the middle of it. Honestly, I would've preferred they spend our money on going straight to the heart of the matter in the first place.
This makes sense. But it also means this could be dead money until next drill results. On one hand that would suck but on the other it may present opportunity to pick up more cheap shares.
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
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