back in previous cycles when cash was scarce a number of juniors tried to bootstrap into cashflow by mining without much drilling - i understand that on a number of occassions this led to them sterilising the best parts of the resource because they built on top of it.
most went bankrupt regardless as rich seams played out and grade dropped below economic level given lack of scale and poor mine economics
diamonds may be the exception - but i imagine the jorc - scoping study - pfs - bfs system was developed for several good reasons.
LOM Price at posting:
43.0¢ Sentiment: Hold Disclosure: Not Held
