"The drilling was done by the vendor."
Thanks Lory and dmganus for clarifying that drilling was done on the Chowa pit.
What kaboko has done since then has been announced in their various anns, and the latest technical update showing clearly where they are at, and what they have been doing,and the high grade ore that are clearly everywhere you test in that pit.
Some think that drilling in the conventional fashion is the only way foreword, but Sino steel and Noble group on the other hand are satisfied that there are other ways to extract the resource from this project, and as I always say, it if it good for Sino and Noble, it is good enough for me.
Get the visible, easily accessible, high grade vei"The drilling was done by the vendor."
Thanks Lory and dmganus for clarifying that drilling was done on the Chowa pit.
What kaboko has done since then has been announced in their various anns, and the latest technical update showing clearly where they are at, and what they have been doing,and the high grade ore that are clearly everywhere you test in that pit.
Some think that drilling in the conventional fashion is the only way foreword, but Sino steel and Noble group on the other hand are satisfied that there are other ways to extract the resource from this project, and as I always say, it if it good for Sino and Noble, it is good enough for me.
Get the visible, easily accessible, high grade ns mined first, sell them and from the proceed you can go on and then spend on a big drilling campaign without diluting shareholders to oblivion.
If you can see the visible veins of ore, you can take samples to the lab to test them, you can do a mining blast, take hundreds of tons of bulk samples and send them to your potential customers for detailed testing, would drilling be your first priority? on which you would have to spend large money that you don't have, or would scoping as much as you can of that ore, sell them then start planning drilling campaign from the proceed will be the logical first priority?
I personally like the company strategy and I respect that they has been very clear with me as a shareholder from day one, they clearly said in their first "Presso" and in bold letters, that they can mine before establishing JORC, and I would not like it another way myself.
I have seem many small caps going for broke drilling and drilling trying to establish a Jorc, very few of them, have ever gone to the stage of having an off take agreement, let alone two with world leaders in this field, and on top of that, being close to getting a great funding package approved.
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