Thanks Sandpaper, this is I very useful insight. I have had one other company that had to deal with the 6 month drill season and the lack of news wasn't ideal.
I would be in agreeance with you in regard to the risk. Additionally if the updated Jorc isn't a viable resource is reflect very poorly in the management ability to critically assess their current position given the time and effort wasted updating the jorc to have to than reupdated it later. An outcome like that would have all shareholder confidence vanish basically killing the company.
I do believe that the risk and reward is quite high at the current price. TBH it's one of the best bets I can currently see in the junior mining space. If we can get a Jorc above 500000oz it would a pretty decent shot it would be viable given the lower upfront cost ( as we have a mill) and all the mineralisation is close to surface. 500K would seem on the low end given some of the drill result. So all in all its a risk i am willing to take.
TMR Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
