completely true, managements did same mistake, which they did...

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12/12/18

16:30

Post #: 36836185
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Originally posted by tubber ↑

Originally posted by JamesExpat2
That also crossed my mind.
Some MRP s/holders commented at time of the proposed merger announcement
that MRP should have waited until more Boorara drilling had taken place.
Some think Boorara alone could turn out to be a very big gamehanger for MRP alone
(ie without need for IRC).No doubt JP thought so too.
At merger price of 8.25 cents some would consider too cheap if Boorara turns
out to be a huge open cut av. 2 gpt or better.
Hi James, you don't seriously believe that Boorara will be significantly different from what it already is? apart from pushing it deeper, which is pointless. To date only ~100Koz has reported into a pit design, you will need to increase the grade by 50% to see that significantly change and drilling more holes at the bit that has already been drilled isn't going to change anything.

Boorara has never been able to support an operation, and never will IMO. 1g/t will not pay for mining let alone the cost to build a plant big enough to treat it.

IMO IRC will realise that MRP has dog assets and run a mile.

Tubber

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completely true, managements did same mistake, which they did regarding $EGS.
IMO, trading halt mainly because of buying time to find solution regarding Hartleys sell off. since last 2 weeks ago hartleys sold out more than 460K shares of $EGS.

IRC Price at posting: 14.0¢ Sentiment: None Disclosure: Held
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completely true, managements did same mistake, which they did...

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