"However I would have expected that normally you would go in and drill a bit more to confirm the previous drilling to get a little more certainly."
>>>>>>>>700 holes at a depth of 500m each .... this is a massive sample. If you were thinking that the core samples might be 'tampered' with to show better grades, consider this.......
1. The sheer volume of samples would make it impossible - 350km of core sample..
2. Adding value to a core sample easy....taking it away is impossible. Remember, the lower the 'reported' grades, the lower the taxes paid. I don't think the Russians would have been tampering with samples to pay more tax. I would be more than happy to take from a wide range of sample cores.
3. If this hype was based on 50 sample holes, I'd be getting a drill rid in quick smart. 700 holes is good enough for me!
(Investorpaul)
"Also if they are to purchase another deposit/stake/exporlation area/company or whatever the case may be I would not necessarily view it as a positive at this point in time."
>>>>>>>>>Are you not interested in ROS growing and adding shareholder value, exploring opportunities and maximising potential offers when they happen?
I understand (to a certain extent) your sentiments, but we are dealing with a unique and highly driven CEO who has the capacity, contacts and total wherewithal to pull Yellowstone off in tandem with others. To do underestimate the ability nor capacity of ROS
"Why? Because they are currently investigating the Kazak copper project and need to raise circa $100m if they want the 70% stake. I doubt they have the time/man power/resources to be chasing too many projects at once."
>>>>>>>>>> is the $100m tag not related to the resource value. Do you honestly think it would be difficult to raise that money for a resource many 10x + larger. This is a matter of zeros following numbers. You under estimate the CEO to get things happening.
Perhaps you have not been associated with a company of this nature before. An Investor with $100 will see a return of $1000 as a bargain as would an investor with $100m seeing a return of $1billion++. This amount of money is not small change, however, it great value to those who understand the potential and are happy with the risk / reward ratio.
((Melua)
"My sentiments exactly investorpaul. The prime focus should be on the one big project in Kazakhstan. If this mob start buying other assets, I'm out of the stock asap."
>>>>>>>>>>>>>>>I guess we all have our own values, expectations, entrance and exit strategies.....that's what makes the market we are in. Again, this (IMO) is a matter of relativity. I hold other stocks in companies that are (unfortunately) now in the hands of less capable management. They have more on their small plate than they can handle. To take on more would bury them. The management of ROS is far removed from the likes of these incompetents .... simply not on the same page in fact in another library altogether!
I have no doubt whatsoever that ROS has the wherewithal to monitor and pace itself and take on projects without compromising its main charter of adding value to the company and providing shareholders with great returns.
ROS Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
