I find it hilarious that mythical graduate geo's are being blamed for this. What?
What you have to do is realise that the situation the company is in now is 20/20 hindsight. When you are paying $350 an hour for having a rig on standby, you have to make decisions fast and based on limited knowledge.
Going back with independent experts weeks later after the core has been cut and assayed, with infinite time (3 weeks to results = the diamond rig is demobbed) on your hands, is when you make decisions like "Dean Goodwin and his geologists pulled the hole up too early".
Yeah, maybe they did. But you aren't paying $350/hr to have a rig stand by while you debate magmatic layering, mineralogy, and consult your experts to make a decision on whether
a) you are actually drilling toward the foot wall or not
b) whether the sulphide load in the intrusion is likely to improve
c) whether your hole has tested its target and returned a negative or whether it has not tested it sufficiently yet and should be extended
Nice and easy to cast aspersions from your armchair, but even a sanguine and seasoned geologist happy to burn cases of whisky every hour for a day with no sweat (like me) while pondering the imponderables would not like to second guess whoever made the decision on the day.
And yes, people quit when other people they work with constantly criticise their decision making, let alone a bunch of knownothing numpties on the internet.
MRD Price at posting:
1.0¢ Sentiment: Sell Disclosure: Held