i was wrong about the jorc, page-36

FishFinder

Yes, we know what the JORC based theoretical estimate for Rocklands is, but the question on my mind and on the minds who have bothered to do close Due Diligence on the company, and on the minds of the guys who have been dealing with fabulous drilling results for 4 years, is that something is NQR about the published results. Especially in relation to the bonanza zone at Las Minerale.

So I hear what you are saying and I am aware of what the resource consultants have published but as far as I am concerned your:

"That's It"

Isn't It....Not by a long shot....now where's that sword of Hexham's.....LOL

Mining will reveal the true situation and we need to keep in mind that trials in WA have already come out in favour of the company, not the JORC consultants.

People are able to hold a view that the JORC statement under estimates the Rocklands resource. Call it a difference of opinion given the complexities and the issues involved. In a way though, it is a positive because the JORC stamp already reflects a valuable resource up at Rocklands and its value would be way above the current market cap of the company judging by the current share price. And yet if myself and others are correct with their views about an understated resource, there is more upside to the current share price as well.

What we are experiencing to my mind is a massive cleansing of the register where retail investors are being forced to run for the hills while slimy big fish sate their ravenous appetites by snapping up anything that comes their way.

A transition from RETAIL to INSTITUTIONAL/MAJOR PLAYERS if you like. It always takes place as companies go that next BIG step, although rarely are so many caught up in the clinical ruthlessness of it all

These players have ravenous appetites when it is time to take a position, and they don't mind losing money while forcing prices lower if it means that they pick up more shares at a lower value. And these guys always like to buy assets that are undervalued. In fact they pride themselves on being able to do it.

What we are seeing to my mind is completely illogical, and I'm staying the course. If I had access to spare funds I would be a buyer, not a seller.

Cheers
nev