Australia's largest stock trading and investment forum Australia's #1 stock forum

TBA

0.00%

2.6¢ tombola gold ltd

Mentalist123, page-18

First 18 Last

Share
Profile

Follow
Bloomburger

156 Posts.

141

21/05/23

10:24

Post #: 67882702
Share

Originally posted by OldCar: ↑

I'm in camp, scoping , pfs, BFs DFS, wouldn't really have changed too much. the differences between the varying reports is the level of accuracy and confidence in physical and financial outcomes. scoping should be say +\- 20-30% ..
so yes, perhaps more drilling or confidence around the resource prior to starting would have improved the confidence in the outcome .

but the big issue here is... even off a scoping study, the board and management completely F'ed it. planning, grade control, mining, processing, cash flow and working capital management, this wasn't just a 20-30 % variation.

also remember... bm took over when the resource had already been generated and Mining had started. so block model, mine plans done... previous management generated the resource and "reserve" . wouldn't be the first time a probable or inferred resource was dressed up or pushed into indicated or measured categories. trouble is after this happens, shades of grey over time start to become "facts" and nobody goes back and checks.

it would be interesting to get hold of the independent geological report on the resource if there was one. it would be interesting to reconcile the as mined against the block model then reconcile against processed material assays head grade etc.. see how much dilution, grade variance to block model , mined recovery etc etc

I wouldnt be surprised if the previous management cooked the books on this, the next incompetent management group then didnt have the experience to check and made a cooked up resource even worse. dumb and dumber ...

that's my take anyways. it's been fun. a perceived quick in and out mid last year opportunity has been an interesting ride to say the least. honestly didn't think board and management could F up the opportunity when they bought Lorena mill that badly. tba real proof that they could...

Expand

Hi OldCar,

Check the TBA drilling results from 10th March 22, how could you not mine gold grade up to 89g/t Au with these results!!!

Cheers Burgers!

TBA Price at posting: 2.6¢ Sentiment: Sell Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

AI stocks: What to expect in 2024-25

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

There are more pages in this discussion • 15 more messages in this thread...

First 18 Last

Add TBA (ASX) to my watchlist

(20min delay)
Last 2.6¢		Change 0.000(0.00%)		Mkt cap ! $33.12M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Mentalist123, page-18

Bryah gains $408K government rebate for work on copper target Narracoota

AI stocks: What to expect in 2024-25

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

Featured News

Featured News

Mentalist123, page-18

Top Stories

Bryah gains $408K government rebate for work on copper target Narracoota

AI stocks: What to expect in 2024-25

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

Featured News

Featured News