Ann: Satellite Pit Resources update delivers 1.49M oz of gold, page-42

Hi all,

Got to love the fast and furious announcements, but what is deeply concerning is what is not being announced.

1. Gold Production
2. First Gold Sales.

I see:


I see a bucket load of work being completed to ensure resource does exist.

Clearly not as certain as what posters were led to believe with gold intercepts being shown in water etc.

If gold was easy to access and easy to mine we would have pictures of this rather than pictures of a water filled pit and locals wandering around site.

I still find it very concerning that no independent assessment of cores is being proposed and the company is stating that the onsite laboratory will be performing all of this work. Very interested to see how the ASX deals with this.

In my opinion this is still a sell. 14.0cents and has been dropping since the deal was announced.