Originally posted by sabine
Ditto for me KKLL - too many people who seem to know what they are talking about have been very clear on things that don’t quite add up and I was burnt here before .
Thank you
@eshmun and
@Midnight26 and
@Davisite - as non holders you have given you time to share cautions that are relevant .
I would prefer to buy back in when the company is more secure rather than play Russian Roulette with a drilling program and a ‘find-the-grade’ ‘treasure hunt’.
This quarter they achieved 55 ounces less than lowest projected target ?
And said they had some more personnel issues......
Those issues would not worry me so much if there was clear line of sight to better grades but they are not getting them.
I feel really sorry for everyone out there ......obviously the grades were miscalculated (and if it all stems from the woman now at Breaker she has a lot to answer for.)
I could not disagree more with
@albatross and
@getrealplease who are trying to blame the contractor and who are assuming the nature of payment arrangements. You obviously have no idea of the background of the contractor.
I do and it is a fine company but it’s not a team of dowsing geologists - it will only mine where it is directed to mine.
There is a clear need for good direction in difficult circumstances here and maybe the new guy will do it..
The fact they are urgently trying to find more deposits akin to Sly Fox in the immediate vicinity basically indicates to me that unless they do find these deposits the LOM is going to be up the creek.
As to the costs involved and
@getrealplease saying tge cheaper mining is “at the top” ......that is not the way I understand this mine to have ever been viewed.
Best wishes and good luck to all.
Cheers
I was just saying the other day on another thread why the ASX\JORC should change the regs to force publication of resource reports.
Resource reports keeps the authors, esp. the resource geologist honest. Resource geologists frequently inflate the resource numbers bigtime (intentionally or unintentionally), esp. when the work is done in-house without an external audit.
Publishing the resource report lays it all out for all to see. Inflating the resource numbers comes undone in dramatic fashion when they go to dig up the deposit and 20% (or more) of the metal is not there.
