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MahoganyPark

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02/04/22

21:57

Post #: 60604833
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Originally posted by tomboy: ↑

In 2018 RD organised the BS disseminated drilling and it uncovered a massive 100m-200m ore body under the open pit grading 0.8%-1.3%, most of it was around 1.2%.

Yet NO JORC, NO follow up & NO DFS like with SS ore body.
Yet another massive ore body ignored and not JORC categorised, the same as with the EA AR SS deeps West Windarra crazy Diamond & ST ore bodies.
ALL IGNORED and NOT ADDED TO JORC despite clearly identifed drill strikes or ore bodies imho.

I stated back in 2014 that POS has a potential massive 1MT+ of JORC & I STAND by that call to this day.

That 1.2% under the pit is the same grade as PAN DFS of 1.23% and potentially the same size of the entire PAN JORC of 200kt at Savannah, yet the SP went down & no follow up since till now.
IGNORED & SHELVED

A discovery of 1.23% of another 200kt JORC wouod be another amazing drilling success & PANs MCap of $640M should be added to POS MCap but yet again expect market to ignore it like all the other great drill hits and news.
It doesnt matter if POS has 402kt JORc or 1MT JORC as they are NOT producing & there is NO revenue.
The entire concept of ignoring current JORC and chasing waterfalls of other JORC adding to the JORC of 400KT to 500KT has been a waste of time.

We all knew since 2014 that BS SS had way more JORC ore and another GS type body was around here.
Ive been posting & predicting this this since 2014!
But the market ignores it and sells down on the news.

The market reacts positively to ANYTHING related to revenue prospects, offtake, refinery funding, DFS and restarts.
The PEA, presos, gold tailings & 18% drill hits were even ignored last 12 months.

When POS finds more ore and drills more and gets more JORC, SO WHAT!
There is no production, no offtake, no revenue.

With $600Mpa revenue sitting on a plate what the heck are they freaken waiting for now?
We were told 2015-2020 they were waitnign for the NP to stay above aud$23,000 yet now its been above that for a year and now DOUBLE the target price & likely going higher to triple that price.

So there is NO NEED for more stalling and delays and more JORC or ore discoveries.
What we have is larger than WSA MCR PAN combined but the Mcap is half of PAN & a third of WSA or MCR! Unbelievable.

This means the market doesnt believe POS will produce in 12 months or that it will earn any revenue.

I for one will vote against the entire BOD and management if there is no results soon.
We are all getting sick and tired of this stalling & secretive works, secretive refinery deals & secret grant applications et al.

No crap PH.
STOP THE STALL, START HER UP!

Expand

RIU Conference on the 16th Feb he said the gold tailings announcement was a day or so away ??

POS Price at posting: 9.4¢ Sentiment: Buy Disclosure: Held
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NEWS, page-44

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