Eastwest101 The area at Platinum Springs is a few hundred square metres. Any competent person IMO would have included potential exploration in the previous undrilled north and south areas. Okay appropriate documentation is being prepared and this may take a couple of months which would allude to a new applictaion?? not sure why a new application would be required. Would it not be better to push for a modified ESF4 as this would speed the process up considerably. Thanks for your analysis by the way, it helped clear up a couple of things for me - however it does not change my view on the renumeration for service provided at this stage by the MD. For the work being undertaken he is compensated very well.
Can you confirm in your experience the usual process for logging and whether losing batches of core samples is a common thing, at the very least why has the company not sought compenstion from the couriers? This situation to me is a bit like the chicken and the egg. If I am reading the latest announcement correctly (page 7), assays are required to confirm impacts ratio however the assays have yet to be recieved. The application for additional exploration is now being prepared but how can they confirm the new locations and ratio to be correct without the assays. Personally I cannot see in the ESF4 where they would be required to provide exact loctaions and numbers of drill holes. I accept that it needs doing but still maintain that the entire prospect including north and south should have been covered in the original application. Time will reveal all.
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