It is more correct to say that the market over-hyped the Lake Roe prospect. I feel it is unfair to lay the blame on the company for over-hyping. The company just stated facts like this:
Mineralisation Style:
Gold in sulphide lodes/stockwork in thick fractionated dolerite …the dominant mineralisation style and host rock in WA (analogies with St Ives, Golden Mile, Paddington, White Foil)
It is a fact the the geology and lots of the mineralisation style is 'analogous' with those 4 above types of styles quoted including the Golden Mile especially, or more precisely the area now known as the Super Pit. That doesn't mean Lake Roe will become a super pit. Others have made that hyping comment, not the company. Regardless, it is a large discovery area and from my experience following gold mining companies for many years these type of large gold mineralisations keep on keeping on. Watch this space I reckon.
If one wants to find blame for any over-hyping they should lay it with the commentators and so called analysts plus the excitable types on share chat forums like HC. Here is an example of such commentary back in August 2017 quoting Bell Potter:
So, my point is that the company has not over-hyped the prospect. There are several other examples of comments along these lines from other analysts as well. Anyway, BRB have just presented results, some in house analysis, and their informed opinions (which are really best guess at this early stage) about what they have discovered. Others have ramped it up from there and now we see a few down rampers jump onto HC doing the reverse.
I have formed my opinion about the significance of this discovery and that can be found in my recent posts. Time will tell, but one thing was a good thing over the past week........ the market over reacted with it's savage sell off and the SP was good value below 30c. So, I strongly agree with your opinion on that regard.
Cheers
