Rocket, yes I will disappear regularly. It's not my intention to hijak a forum with a back and forth bickering match. I'll say my bit and move on due to respect to regular readers/ posters.
Let's reference the ore reserves document you were flapping around the other day. If you look at figure 1 the map shows the eastern and western limbs of mining. There's 3 reserves at the lower part of the eastern limb (right next to the process plant) that are not named. Well they are Zulu, Zulu south and fold nose pit area. These pits were supposed to be the next big thing for OMM, great deposits of manganese and so close to the process plant. Zulu was mined extensively during 2012/2013 producing nothing but mass low yields the entire time. After Zulu was mined it was then used as a tailings dam and Zulu south and Fold nose were abandoned to such extent they were wiped from all ore reserve table. This is not a secret it's well documented in mining news at the time. So please tell me again how great the Geo's, surveyors and lab techs are.
The only relevance that short story has now is that when we make our decisions around investing, no one has a crystal ball. We can only make decisions with information we do or do not have at hand.
Yes OMH will grow away from Bootu creek when the time comes, but it was absolutely pivotal in helping the company reestablish itself. Luckily enough it produced when most needed.
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1.235 | 601 | 1 |
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