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Ann: MINING LEASE APPLICATION OVER GIMLET, page-7

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  1. 2,266 Posts.
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    I have just bought in on the last ann and i am a bit perplexed by the Cos initial reaction too and intended immediate forward progress, and maybe the sp backing off is related to this or is there some history about the Co i do not know. The Gimlet min. appears pretty simple and straight forward as resource calcs go and could be done on the back of an envelope to give quickly order of magnetude, so given the results ann i am surprised they have not said we are cont drilling to expand on the good intersetions at depth to the north - why stop now and do resource calcs when u have not closed off the min and in any case it is not exactly huge tonnage etc - they have the cash to cont. and without cross pormoting spx on getting one good intersetion have compleely changed their dril program, abandoned drilling under the existing pit and moved all drilling to expand on the first good hole - this is what FAU should be doing -and when i see this kinda slow mo approach to the obvious i get a little nervous as to who makes these kind of decisions and what is their aim becomes unclear - is there any history here that suggests why they could not just get stuck into more drilling and expand on the gimlet mineralisation found to date????
 
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