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Ann: Bottle Creek Resource Upgrade to 406,000 oz Gold at Mt Ida, page-5

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Davisite

10,813 Posts.

863

13/03/19

21:19

Post #: 37753205
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Originally posted by BobbyKennedy ↑

There's going to be a huge amount of capital looking for a home in the gold development space very soon when gold (AUD and USD) really takes off.

I suspect the thing keeping investors away at this point is the Board and the lack of real mining experience. This is why I think Buckland has just departed. We need the space for a seasoned miner that will alleviate the concerns of potential financiers and investors. The current Board have done an OK job thus far (albeit very unorthodox) so they do deserve some credit but we need hardcore miners on this now.

The resource is clearly there... we just need the right people to dig it up and turn it into cash.

If the last few remaining puzzle pieces fall into place, the rerate on this will be insane. From $6m to $25m in days.

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I am hoping you are right. If we get a board I think know what they are doing I will be back in in a flash.

ARS Price at posting: 2.2¢ Sentiment: None Disclosure: Not Held
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