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17:33
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Originally posted by Io
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Originally posted by AlCp
So that's will be 6 PL.....what happened to the 3 PL law in SI???? Does that mean they've given up on Kolosori (so they've wasted 10s of millions producing the JORC and PFS) and Tenement D.
Kolosori is dead for AVQ and never coming back and yes the wasted about $12-15M according to the Qtly reports, on a tenement which they ultimately did not have legal title too. How RM keeps his job is beyond me. You have to hand it to the guy, he has staying power. But given his salary he has nearly $1M reasons to hang on for as long as he can. Meanwhile the company raises $85K. Where is the money coming from to build the DSO operation at San Jorge? Where is the JORC Resource? Without the JORC Resource raising sufficient money to put San Jorge into operation will be next to impossible. This is just going to lurch along until it finally runs out of options and cash.
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From the information I've gathered (and DYOR), this seems to be the case for Kolosori but they could change their mind as well since they did change it when the PL was about to be issue, hence AVQ is seeking a "review".
