Bobminer can I/we have your thoughts on the following please. I highly value your opinions.
I watched the presentation earlier via the webcast. I was very unimpressed...
First, at one point early in his presentation Darren made reference to the unreliability of drilling small holes through highly variable and patchy quartz veins, hence the decision to trial-mine .... but then later he says that this is exactly what they intend to do with the "new" money ... I find this not credible, but what do you think?
Second, as an additional excuse for needing this new money, we need lots of drilling so as to not "sterilise" valuable ore .. but if we are going to be opening open cuts as we chase the veins, how can we possibly sterilise anything beneath surface? Surely it is not that hard to find some barren ground for dumping excavated dirt?
Thirdly, Darren was obviously very uncomfortable trying to answer the question regarding justification ... his body language, in my opinion, was showing him to be very uncomfortable. I surmise that the decision was made by the powerbrokers behind the scenes in the company, and since there is not a real immediate need for this money then it can be assumed that something is brewing behind the scenes.
Or am I just seeing conspiracies where there are none?
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