Originally posted by eshmun
Shows you haven’t read the announcement.
This is not 0.6 g/t marginal hard ore that needs to be ground to an inch of its life to be processed, it’s highly valuable shallow soft ore with a grade estimation issue, which in the end will likely return more to EXU shareholders, once properly evaluated and mined, than the whole of the RMS offer combined IMO.
The diamond drill results and panned samples point to what we are dealing with here, not some statistical estimate based on flawed sampling techniques. If RMS would just clear off and leave this company to its own business they will get on with the job in the honest and methodical way they have been progressing so far.
RMS should be concentrating on how they make a buck from the Marda purchase. The fact that project is being bought from a liquidation might have something to say for how profitable that project might be. That purchase also seemed pretty rushed IMO. Hope for your sake that they did proper due diligenece on that one. Esh
Yes when the grade isn't what you want it to be then let's just state that all the MONEY spent to do all this testing and resource estimate was wasted and isn't accurate. Then we'll be back to you and pints giving us back of the envelope calculations which will be without a doubt far more accurate than the experts that were actually paid to do the job.
So either the inferred resource is extremely disappointing or Management can't even handle the task of drilling and coming up with an accurate resource. And you think I should be worried about RMS...