reserves, page-13

Bretto,

Obviously you have replied to one of my posts. But, whatever has any of that got to do with the difference between "Reserves and "Resources", I am at a loss and is totally beyond me.

I suppose anything will do.

And you also wrote:


"'After just a few weeks of mining, stockpiles are estimated to contain in excess of 5,000 tonnes of copper equivalent metal, valued at approximately $35 million at current copper prices.'

17th April 2013 (mobile crusher)"


Yes that's correct.

But, that was about twelve months ago or close to it. And, there has never been anything wrong as far as we know, with the mobile crusher either.

And then, whatever you are trying to tell me, it matters very little stockpiling if we are not selling it. Selling it, is what we need in order to raise some much needed/wanted cash, or to pay those long awaited dividends. :-) :-)

And finally, those copper prices at the time, are not the same as to what they are today.

I have to admit though, that, even after that announcement was released after close on a Friday evening thus giving time to investors to cool it a little and digest it properly, that the sp didn't fall any further than what it did on Friday when it dropped before the announcement was released.

Maybe the leaky boat concept was alive and well.

Now, if we are to go back to when M&G decided to sell out, could it have been one of the reasons that they've decided to dump, and move on.???

Dyor!!