Yeah - an ugly announcement in an ugly pannicky/irrational week...

Yeah - an ugly announcement in an ugly pannicky/irrational week with sentiment being pretty dismal for even companies with copper exploration success as it seems that the market thinks that the world is going to stop using copper. Some of the wording is a bit clumsy and badly communicated also in that the implication might be drawn that the CEO was saying that these results didn't replicate earlier results in the better part of the orebody, but these were deep step out holes shooting for the moon so they should never be trying to replicate previous results because they are testing almost virgin ground at depth. Replicating existing good results is called grade control or tight resource definition drilling which these holes aren't.

Certainly the impression is from the long section that they were shooting for the moon and the very agressive step outs didn't deliver much at depth, which is fine with me, as the existing orebodies are actually pretty good and the closing off of some of these deeper areas has scared off some holders. Now the company can hopefully concentrate on proving up some existing resources and/or finding somewhere else to drill with possibly higher grade and shallower targets worth testing that will add more easily accessible tonnes to their resource.

Horrible delays at the lab, but maybe also some sampling and transport/logistics reasons why these samples seemed to take forever to become assay results?