They are trying to establish an estimate, this is due diligence that should have been conducted prior to the acquisition IMO, means they don't know what's in there and therefore trying to estimate resource size, don't even know why they mentioned the word JORC, probably just to sound impressive...
There will not be a JORC in 4 weeks, suggest people re-read the anns
It's 4 weeks until they have a stab at what figures they think they might have based on a consultant review, I hardly see this as substance, nor a cause to take it above 1c - unless the review comes back with something extremely positive? Makes me wonder why the acquisition without an estimate, but who am I to say
All IMO, been checking in on HDY/EYM every now and then since the October pump and dump last year looking for a glimpse of hope for a potential entry, still confused about how they are managing these projects or what their actual objective is.
GLTAH
HDY Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held