BC8 0.95% 52.0¢ black cat syndicate limited

Ann: Paulsens Gold Operation - High-grade stockpile strategy, page-19

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  1. w27
    2,476 Posts.
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    What you have to understand is that all announcements from the company have to be approved by directors and the directors are personally liable to ensure that any announcement is within the very rigid and voluminous rules of the ASX. As copper road says, the company is not allowed to publish any information about in ground ore unless such ore has been extensively drilled and the grade and quantity of ore is certified by appropriately qualified professionals. This would be an expensive and time-consuming business. The current plan is to go in the old-fashioned way and follow the load and extract without extensive exploration. Under the circumstances, this is the appropriate approach.
    Once the ore is in stockpile it can be assayed, and the volume measured fairly cheaply and that will be done. Wait for the next announcement on this matter at the end of this month or early next.
 
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