GCY 1.82% 54.0¢ gascoyne resources limited

Ann: September 2018 Quarterly Activities and Cash Flow Report, page-39

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  1. 4,791 Posts.
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    Actually, after rereading it, this one is a cracker!


    "The results from the current extensive grade control drilling program are expected to confirm the view that we have already mined through the areas of variable grade and tonnage in all pits."


    ...so the dirt we just mined was the dodgy dirt (that lead to a new resource model). Everything else is just fine. Don't worry about the other 15Mt. The 25,000 metres of GC drilling we just finished won't change a thing.

    They should be moving heaven and earth to convince investors that the mining operation is robust but so far I can't see much evidence, just assurances.

    All IMHO.
 
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