We are operating in an environment where everything needs to be checked thoroughly for accuracy:
mine has 9 years life - from when? does this include Pearse North?
"clean balance sheet" - what on earth does this mean?
two guys and a gold bar - is the CIL plant up and running?
gold at AUD 1800 - maybe a tad optimistic
much talk about revenue - what about the cost environment?
if costs are not a selling point then we are not actually being fed proper information - something is being sold
if something is being sold then we are listening to a salesman and not a true journalist
Sorby Hills - Diggers and Drillers doesn't mention that it is 75% JV - one has to scrabble around to find this out.
- what is JORCed? everything (as sort of suggested) or just Stage 1?
- it appears that only Stage 1 has been approved - why doesn't D & D mention this?
... and beware of undisclosed liabilities - here BMF liabilities ran BBMB into the ground, but not a squeak in any BBMB annual report about the liabilities.
KBL Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held