Well stated, Bill. These are tough markets to set great news on, much less one of technical indications & hopefuls.
As you say, this offers positive guidance for the next phases. Still, at least we've seen these results, vs. that of other ADP companies' holes drilled outside the ACA block to date. If one were optimistic, and not currently in the red (such as myself!), one could say that these really are very encouraging for the early stage of exploration we are at.
I was hoping to hear of an immediate drill program, but as are other savvy players in the ADP now (eg, Monopros), MMU et al. are taking a strategic and methodical approach as merited. The direction looks good.
I wonder if we might see a slower, delayed reaction from the market...
- we need a technical thesaurus/interpreter for this scientific report!
;)
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-for reference-
A couple excerpts from the Ashton IKC paper last April (re. the ADP):
U-Pb dating of perovskite suggests that the Buffalo Hills kimberlites were emplaced between 86 (+ or -) 3 and 88 (+ or -) 5 Ma.
... Volcanic stratigraphy is dominated by lapilli-bearing olivine crystal tuffs, occasionally with well-defined, generally normally-graded beds varying from coarse ash to coarse crystal.
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Regards,
-j
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