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16:24
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Originally posted by Nijiman:
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It can be very tough being invested in an explorer. Especially one that has been around for such a long time & has failed so consistently. Over the past 17 years more than $120M has been expended on exploration by Sipa. But they have yet to come up with anything that even slightly resembles an economic deposit. Punters would have achieved a better return by investing their hard earned into a pockie at their local RSL.
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i can't disagree with you, thou look a little further back. sipa listed on the asx in 1987 and during the 1990s, the company discovered the panorama copper-zinc vms province and ashburton (mt olympus) gold province. clearly significant success in the early years, that has not been replicated more recently. it will be interesting to see if the current management can replicate those early years and significant discoveries.
