You make a good point Rur in that the Qrtr did bring a loss of about $1.2m but I'd be happy if it was $1.5m.
I say that because if it leads to Significant Gold Discoveries or PASS Contracts then it's a drop in the bucket. When 50% of Expenditure is on Exploration it's a good sign for a Gold Explorer, in fact KLA/Fosterville probably spent $50m on Exploration before they found the Swan Zone and have spendt that & more each year since but nobody is complaining.
It's all relative. If it eventually leads to a strike that leads to 1M plus Ounces of Gold, it's like spending $10 to make $10,000.
The difference between you and I is that I see an upside and you don't (or can't.) You could be right but not because you have done any research. You have no skin in the game & bring bugger all to the table of an Informed Debate, but then I doubt that is your objective.
If we as Investors are wrong we won't blame anyone - it is after all our decision to Invest. But what I see with the Down Rampers is not them taking Responsibility for their own Decision. I see The Victim Mentality play'g out where someone else has to be the blame for some obscure reason which is never transparent or disclosed. Informed debate - bring it on but bitterness & deflecting blame, well that's the sort of thing kids do.
NAG Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
