What I do not understand is why the JV company is willing to stump up $30mill over 5 years looking for gold rather than doing a JV on the KNOWN gold, does not make sense to me. Yes they may find gold whilst exploring but it may be just as hard to extract as warrior has shown to be. Just look at the time it has taken to extract a little bit of gold from warrior, over 10 years so if they find gold on the other leases they may build a mine long after I am pushing up daisies!!
Everything about this company just does not ring true to me, I have listened to the story for over 10 years and I am sure there are a new generation of investors now reading about the 10million oz's and the 200,000oz's a year and the GIANT resource and are eagerly stumping up their hard earned.
In a communication I had about 5 years ago I was told just to be patient and I was one of the believers of this company on HC, now the patience is gone and I have nothing but contempt for the top end management of this company.
My opinions only, DYOR and please read all the reports since 2000 to see the story that has been repeated for 10 years and come to your own conclusions.
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