Nothing Holding Us Back..., page-54

Hi PF

Last I discussed the PFS with Rob he quoted an example of a company which came close to disaster due to a poor pre mining study.. they have since become successful.

It really doesn’t matter if we delay the PFS to get it right (oh no? So ok let’s just start now and go broke, being the alternative?) when we may mine for many many years much deeper and or broader than the extent of our current drilling.

All the chat is moot until the study is released as it may recommend mining quite differently to as previously considered, and that’s exactly why a mining engineer has been employed...

The fact that the directors may not have such underground mining experience is irrelevant.
The reality is you pay someone if need be who has such experience, and management have only to call Bob Vassie or similar highly experienced people. to have their valuable opinion on topic.

If CBH are mining successfully in the same vicinity what’s wrong with their experience?

Anyway it’s easy to criticise, as you say we have been working successfully on other projects as well so I’d contemplate “we aren’t a BHP” and with the small team we’ve got, there’s been lots achieved and done with a re-rate to be proud of.
Cheers
Sarg