Well you could answer your own questions and save yourself some embarrassment by making baseless claims if you did some of your own research:
Point 1 regarding majors not snapping this up - Project was held by Government for a number of years and the
actual story behind the acquisition has also been relayed to SH's in this announcement (Pages 4 & 5) if you care to read:
https://hotcopper.com.au/threads/an...reholders.3042761/?get_post=true#.WIagGjJh3Vo
Point 2 regarding capital raising at 0.002 - Last capital raising was completed at 0.003 off a lower base without the support of soph's so i'd be interested to know how you came up with "massive capital raising at 0.002:
https://hotcopper.com.au/threads/ann-completion-of-placement.3058550/?post_id=20782385#.WIagAjJh3Vo
With regards to voids and stopes I agree with you but that has been a known quantity the whole time, again if you had bothered to read the top announcement you would discover the following statement:
"Two previous exploration companies have drilled Lomero, but both limited their opportunity by focusing on the area contained within the old mine workings. Our first intention, instead, is to enlarge the deposit outwards by targeting holes at and beyond the current edges of the deposit".
Plain ans simple these guys aren't relying on the old mine workings to make the project, it is simply the base. The exploration program will be targeted at potential surrounding VMS lenses.
Thanks again for letting us know how right you were though
