questions to ask., page-19

Dear All,
I hear what you guys are saying regarding MK, big bully difficult to work with, etc. But if that project was a success, he would now be a hero instead.

The fact is, the company mined with an inferred resource, which has a low level of confidence. Whether MK bullied his way or the top shareholders demanded to mine Davyhurst does not matter. The project carried a high degree of uncertainty (risk) and this risk was NOT hidden from investors. Investors who can't tolerate this level of risk could opt to sell out. Some mgt take higher risks than others, while others differentiate themselves by riskier investments.

Personally, I think it was a very bad decision. Davy was moth-balled by CRS because of high costs and low grade. IMO, one would buy this sort of mine for window dressing to raise capital from unsuspecting investor and not to be mined. A question still remains, why did he mine it?