i dont know if you all appreciate the significance of 5 drilling rigs working on the tenements. Is very unusual for a small cap miner. Bhp billiton after they aquired wmc olympic dam put in 10 drilling rigs in a row to dertermine the actual size of the ore body. I still remember driving to work early in the morning and being blinded by the lights of all the drilling rigs. I have aquired more shares this week from the sale of some of my umc shares. Atleast this company looks like it wants to get in production....shame my umc company didnt....they never had more than 2 or 3 working and were basically waiting until bhp waved a cheque.
From what i see we need 3 things. 1 A resource that needs to be defined. 2 management with skills in mining and project management. 3 Management that know that shareholders are the ones they work for. I think we can tick all the boxes at this stage and be content that they wont give away a billion dollar asset for chicken feed
pete
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