"So just to be absolutely clear when you bought into this stock on visible Gold and a whim by your own words you are now telling us you acted incompetently?"
It's not uncommon for a competent investor to try and gain an early position in a speculative stock when visible gold is reported as being seen in a diamond core. It's often just those situations where large multiples are made by taking the risk that the hole is a "discovery" hole.
But it is not very often that soon after the company reports visible gold in diamond core that it goes into trading suspension because conventional assays methods are unable to measure economic levels of gold from the drill core with the reason given being some weird poorly explained relativistic effect relating to an even less explained form of ionic gold.
Visible gold should be separable in fairly large proportions using gravity techniques.
As far as exploration targets go they need to be based on reasonable facts and expectations to meet JORC and ASX rules.
It seems the company hasn't published any exploration target for the size of the expected resource so why should we believe the calculations of an apparent non-company insider, internet self professed geologist, who doesn't have access to the primary data source. If this person is such a good geologist they would be working for someone or running an mining and exploration company, not betting almost all their investable money on one speculative stock. I spent the best part of the end of last year in Ghana at the coal face where real gold mining is done supervising the drilling of resource holes.
Eshmun
BBX Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held
