Suntrader/blythefan...I really think the diamond project is or will be a thing of the past. The money that went on that project by the Co was to put it mildly.... HUGE !!!!! for a NO INCOME RETURN. I understand that that is the nature of exploration but this Co I personally think does not have the skills or mamagement to lead this Co forward........They swap and change too often...they never see things through to the end....and never tell us the shareholders the final outcome of the project except that they will follow up again at another time....and that they have supposedly found some other better project to follow up on and spend our money on in the meantime.....
If the zinc grades in the first project were as good as they say, then they should be doing firstly the JORC and BFS for that stage which would result in a price rise in the share price and this in turn would result in extra capital flowing in and would make funding for that project to be more readily accessible ...It would make the company look like they really have a valuable tangible asset to offer the market and investors.Then and only then can they start thinking of the other site once the first site is up and running..this current change to the next site to me seems exactly like the change over from the diamond site to this zinc site.....and now once again in their recent announcement we are now hearing the same olddddddd oldddddd olddddd story line of checking for gold and Vanadium.( or wasn't it canotite ?? before, my spelling is wrong I think).....Blythefan, you will most likely say that we need to have the other mining site checked out to build up resources. My view is that if the first site can not stand up on its own current resources and provide a positive cash flow then it is unable to survive in the first place......
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