The company bangs out a lazy 2.2Mt resource at Mt Mason based on 9 drillholes in 2006 and does nothing with it for over a year since? Potential for another 20Mt, close to infrastructure to freight ore to the port of Esperance?
The shareholders of this company need to get savage with management and the board. They are doing nothing but waste time and money. The exploration manager is too lazy. Instead of buying remote sensing data for all and sundry, how about getting out and drilling a few more holes at the areas with demonstrated success to date instead of waiting 18 months to continue drilling?
But no, continue doling out the 20c options, 12 million of which expire late May will keep the sp of this sucker capped at 22c for a long time yet with no chance of any positive news coming until at least September only IF the company decides to pull the finger out and do some drilling.
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Price($) | Vol. | No. |
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0.170 | 235711 | 4 |
0.175 | 370500 | 5 |
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