i agree or at least suspect that management seem promotional in that as I have posted previously the presentation of the results to date is very piece meal, evidenced by this last ann - oh by the way we have a little tungsten - and there is little if no showing of how that might sit in the scheme of things - its true relevance or importance - it treats people like their DHs -
they have drilled 12 holes and have some good intercepts but again how does this all fit together - the quote of only drilling 5% of the area sounds like a bloody real estate agent, as if one needs to somehow drilling 100% - it is their job to target and drill the BEST spots whether that is 5% or 30% whatever.
at no stage have they shown a need to put the entire picture together from the actual data that they have accumulated, and not just a cartoon geology model. As I also posted previously how come they are now just mapping high grade breccias AFTER drilling 12 holes - cart before horse in terms of proper geological programs andpotential to waste significant $$ - mapping is everything to start a program along with geochem and geowhiz if relevant which it is in this case.
I have bought in but I am truly wary of this mob and again as previously posted I am looking for a JV in the immediate future to vindicate the potential and not just relying on ICG,s interpretationof events and data - no JV I am out with a loss no doubt
ICG Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
(20min delay)