I agree with you LeJackal. Some fantastic Due Diligence must have been performed on the original Medinandi resource model hey. Two resource 'downgrades' later and we have gone from a resource of 6.3Mt with a grade of 3.17g/t for 650,000 Oz down to 14.6Mt at 1.76g/t (827kOz)whilst misleading the market that they had a 'high grade' resource and now its at the ridiculous 4.6Mt at 2.04g/t for 302kOz. A 53% drop in contained ounces and a 35% drop in grade from original resource estimate.
Probably why the Chairman and the fabulous Technical Director Stuart Hall have had to fall on the sword. Got sold a lemon, didn't do any due diligence and told the ASX and all of us that it is 'JORC compliant', then spent a lot of time selling us the same lemon.
They're lucky that Fekola might be as good as it is.
But now the question must be asked. Do we believe anything management has to say now?
PIR Price at posting:
45.5¢ Sentiment: Hold Disclosure: Held
