How much more exciting were the results of Ramelius' preliminary investigations than ours have been so far, before they were convinced to take the plunge and begin mining at Wattle Dam?
Did Ramelius carry out as many years of preliminary "pussy-footing about" as MXR has expended, or did they instead conclude that, due to the difficulty in quantifying the totality of ounces contained in those multiple but elusive narrow veins of high grade gold, they would take a calculated risk and decide to mine sooner rather than later?
The proof of the pudding, however it may look, is only proved in the actual eating.
Many of us have reached the stage when the once significant value of our holdings has diminished to such a drastic extent that we couldn't do much worse if we started to mine where prospects seem best and waited to find out how much gold is lurking down there. All holders, old and new, are now trapped, as Crom likes to call it, in a bad place. We might be pleasantly rewarded if we actually summoned up the calculated courage to start some mining, you never know.
The forthcoming revised MRE and pending assays may only just add to the hodge-podge of semi OK results we already have. Mining involves risk and there must be a limit to the endless drillings before we say enough is enough.
MXR Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
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