Ann: Outstanding drill results upgrade Bombora mining potential, page-52

First 52 Last

Share
Profile

Follow
pintohoo

87,198 Posts.

75

05/04/17

15:34

Post #: 23878467
Share

Originally posted by davmarc ↑

Pinto,
Nice post as usual, but I wanted to correct you on the following statement you made;

"Tom 'might' have an idea of how big this could be - but, I doubt if he would ever say except in bed ---------- and, for the most part - we can only wildly guess at how big."

In fact, Tom did give us an idea of how big this could at the investor luncheon series in 2016. You might recall he got a slap on the wrist from the ASX for being so audacious as to offer a professional opinion the potential size of the deposit. I was seated in the front row of the room and remember quite clearly what he said and to paraphrase he said he thought it had the potential to be a tier one deposit with up to 5 million ounces and that he could already 'see' 2 to 3 million ounces from drilling to date.

Ok it was probably a little bit naughty of him to say what he did, but when you are a genuine sort of guy it is hard to stifle enthusiasm and honest opinion in favour of circumspect guarded comment referencing all the relevant sections of the JORC Code and corporations law (yawn).

I am very comfortable to hold this stock long term until the drilling confirms Tom's opinions and then I might sell some at $3 a share. Lol

Dyor

Expand

hi dave

yes, I remember the tier one comment - I was there and had a talk with him -

I didn't remember the 5 million comment though

my feeling is certainly that way - that is sure

Pinto

BRB Price at posting: 55.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

PME

Pro Medicus snaffles 5-year contract extension worth $32M for RIS technology

BM8

Battery Age Minerals gets set to capitalise on critical mineral demand

KAU

Kaiser Reef reports new A1 untapped gold zone – flags move past 'remnant mining'

ASX Market Update: Index pulls back from record highs | October 16, 2024

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint