"Again we have the alluvial version of it. Very easy to mine and process."
No they don't. What they have is one stream sediment sample not an alluvial concentrate.
If you read the announcement there is no "we have the alluvial version of it" what they said was that "in analluvial scenario" - but they don't have an alluvial scenario.
today's announcement was about the most tentative report they could have issued for the likelihood of any any future mineral resource - it's just a wallpaper of words like 'encouraging', likely', etc - well so what? if there was not that prospect they wouldn't be there in the first place, but this announcement doesn't go any further than current expectations.... hence the soft market response.
Not that I blame them for putting out this announcement, but there's so little meat in it that if it was a ham sandwich you'd ordered you'd be asking for your money back.
GPP Price at posting:
2.9¢ Sentiment: None Disclosure: Held
