Steve, interesting comment:
<<I would expect better results in the next phase simply because they will step back in to get "hooked" in to the massive again. But this well-run program will probe the holes and drill a geometric alternative on systematic centers.>>
What does "geometric alternatives on systematic centers" mean?? I think DML's "drill step-outs" were obviously too optimistic, if that's what you mean. BTW, the market could be disagreeing that the program is "well-run" based the latest free-fall in DML and NAI share price. "Buy on rumor, sell on news" appeared very apropros after Harvey's 14-May PR.
Concerning your historical question about DFR.TSE share price drops, I recollect DFR's share price cratered from above $8 (CDN) in Nov-94 (after DDH-2's Mini-Ovoid mineralization) PR to below $3 (CDN) in Jan-95 (BEFORE we nailed the Ovoid orebody with DDH-7). After hitting the world-class Ovoid, Roberts-Stephenson, Teck, INCO, etc. interest caused DFR to rise (pre-split) to over $168 (CDN) in Feb-96--yeah, it was glorious and very prosperous to certain humble mining geophysicists, heh-heh.
Good luck to DML's staff, but SVB needs to drill better stuff than the anything hit in 1997 or to date in '98. 1998 nickel and cobalt prices are not conducive to sub-NVB grades or volumes.
Good Luck, T. |
