Totally agree with your logic as well Insaf. I also tried to reason and ask the same questions earlier but not in such a technical way, in my earlier posts if you can recall I actually stated I was a bit upset going into the meeting at Sydney with the management for only reaching 1mt jorc just to satisfy the Yantai deal/agreement. The reply was why waste more money and time drilling when they know the resource is there (in ground) which to me made sense, apart form this the Yantai deal and Brad wanting to get to production and mining as early as possible without further CR and dilution. The draw back I find we are having is, that the market is not buying the companies agenda without prof and evidence of a jorc compliance resource or report. Hence, the stagnation and penalty is the share price is where it is, hopefully things will change with the Yantai agreement; term sheet; etc all being endorsed shortly and the company set for production. This is my taken and opinion on the current situation where we stand at the moment.
ADV Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
(20min delay)