MRD 0.00% 0.1¢ mount ridley mines limited

Ann: Exploration Update, page-18

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  1. 870 Posts.
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    Sandy from my understanding it was an attempt to short circuit some of the process and as my brother described it was an attempt to establish proof of concept.
    We wouldn't be complaining if they had established and proven the existence of massive sulphides would have given a significant price boost.
    You don't go making hasty decisions now that you may regret later as my brother said to me all along this is the very nature of exploration failure is far more likely than success.
    Agree though that it would be nice to know what this little exercise has cost.
    But as it was explained to me by my brother and others on here target drilling can be extremely difficult at times especially in what is clearly a geologically complex area.
    We've just got to roll with the punches, very disappointed but what can you do, the potential is still there on the other targets but the fact of the matter is that they need results in both the relatively short term and long term future.
    It would be nice to get an ounce of luck though for a change.
 
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