G'day Bond-Maybe you should contact the company yourself before implying
someone is B.S ting !
Spoke with the company myself recently, second U.G.-Bogger was thought to become
operational by the end of this week, so it adds up, as for the tailing x 10 t & H.G X Ten
Tonne being reprocessed by a third party with a CIL circuit.
All i can say is where do we think it highly probable the Gold is ?
Think the Gold evaporated ?
Do we think it was all stolen ?
Do we think the gold is not their ?
Do we think the gold grade is too lower grade to recover economically with a low through-put plant
and that a CIL will make the difference ?
( remember with this scenario CIL will increase recovery approx 20%would that
be enough to make the difference by its self)-No imo, though read on
Do we think the accessing of the high grade intermediate zone would possibly
make the difference needed as grade p/t increases along with the veins thickening
(recalling its NOT just one vein ) offers up more volume-hence less dilution being experienced, do we think about the continued exploration programs & ask ourselves
how is it possible to finance if gold recovery is not occurring that is likely far in
excesses of previous quarters, this also supports the theory that accessing of the intermediate zone & increased gold recovery is the only plausable resoning for
this to be occurring.
If not then imo the company would have already announced a Capital raising
as one must allow for time to implement & have funds become available, my calc's
suggest Gold sales must have increased as it has NOT happened, does that mean
it won't happen-NO , but it does imply increased gold sales logically are very likely
occurring.
As said pending results from a independent processing by a third party MILL
of 10 T of tailing & 10 T of High Grade will be eagerly awaited & very relieving.
I would have thought it prudent for one prominent poster to await results
prior to making statements seem like there OPINION IS AN ABSOLUTE GIVEN
& every one else is a fool.
The old saying may apply here give some one enough rope & when they repeat
themselves enough they start believing their own B.S .
time will tell -much to pay out
imo-gltah
salt
