The positive: I like authenticity and a willingness to be vulnerable rather than following the alpha male script of always being rah, rah, rah I know what I am doing, its all part of the plan.
The negative: CC talks with absolute conviction about plans which don't endure for any meaningful period. Just off the top of my head I can remember this authenticity expressed in the following emphases over time:
1. We are going to put down two holes and find the porphyry.
2. We didn't find the porphyry in the two holes but we know now with the help of our geology mate how to calibrate on finding it (but didn't).
3. We are going to develop to a given level of certainty and then sell, and have confidentiality agreements in place to allow discussion as we go.
4. The secret for the future is regional exploration and Toora West is part of that (except today??).
I know one has to adapt to changing circumstances but it all seems a bit random....
Sold out with the MRE was thinking of coming back but perhaps not. Still like copper but reinforced in my view of confining myself to companies with cashflow which don't get backed into a corner around costly and scarce funding.
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SVY Interview 6th July 2022, page-7
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