The drill program has established copper-molybdenum grade continuity within a 1,200 m by 600 m by 500 m deep zone with copper, molybdenum and silver grades of about 0.3%, 0.03% and 2 g/t respectively representing a substantial portion of the 900 million tonne footprint (2.6 SG). Amarc's geologists have observed that the zone sits within a 6 sq km "very active, multi-stage hydrothermal system that was extensive and robust" as "two coalescing porphyry mineralizing systems". Furthermore, the zone so far outlined by drilling coincides with an area of magnetite destruction that extends to the north and south of the drilled area, with another area showing up in the southwestern part of the inferred porphyry system. When asked why Amarc limited its drill plan to an east-west orientation, Nicholson conceded that the junior was trying to connect the historical holes and only conducted geophysical surveys after the drilling was done. If the magnetite destruction correlation holds up, the implication is that next year's delineation drilling has potential to boost the mineralized zone substantially. There is also the possibility that the highest grade sweet spot of this porphyry system remains to be discovered. Although the general area has received exploration in past decades, it has been sporadic, hampered by limited road access. In my view IKE will emerge as the most important discovery delineation play in British Columbia during 2015, with the goal of establishing a resource comparable to the Highland Valley where the copper grade is higher at 0.4% plus, but the molybdenum grade lower than at IKE. There is a strong likelihood that I will elevate Amarc Resources Ltd to a formal Good Relative Spec Value Buy recommendation in 2015 if the junior comes up with a funding strategy that does not involve heavy dilution at the prevailing bottom-fish price level.