This seems a scare tactic to me. Don't you think it's a bit of a long bow to be implying that Western Desert Resources 1. have similarities to Axiom and 2. busted due to their poor resource estimation?
I don't doubt you would know more about this stuff than me but from the information available that seems to be a deceptive statement given that they were primarily an iron ore miner and secondly suffered due to commodity pricing rather than resource estimation.
Happy to be proved wrong though.
disallowed/business/companies/richl...western-desert-resources-20141117-11oe3i.html
Ann: Pause in Trading, page-133
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