Ann: 8 Mile Project Drilling Programme to Commence, page-19

Interesting company - lifestyle pure and simple:

Every project ever touched has been ditched in expl stage.

I can’t remember long history but remember big entry to US Copper?

Since then Eidsvold then Triumph now 8 Mile all in the central QLD golden triangle.

Each an apparent nearology play next to Rawdon and Cracow (EVN) And Mt Morgan. Ask yourself how often in MBK ASX releases these operations with their gold endowment is mentioned.

And at the start they are all probably multi mill oz fields others missed.

All IRGS with fantastic expl pictures.

I like the recent 8 mile ASX releases (4 of them) to justify my points.

I particularly like that TS has made a “New Discovery” really.

one release mentioned an Exploration Target. Caps mean it’s defined. Only JORC Code defines an Expl Target (it’s a range of volumes at a range of grades and is official but just lower than a Resource. So wrong to use capitalised.

Why pick on this? Well use it once then immediately after divert to capitalised Eastern Target and Western Target thereby perpetuating in the subconscious of investor a real mineralised to JORC level. Mislead but also setup for perpetual mislead fundamentals.

Not even permitted to drill and spruiking a headline that drilling soon underway. It’s too early to drill.

But once drilling we are beyond the initial justification. Just start wild cat drilling and worry about if it’s a mine in few years.

Then drop or sell and reload the next 5 years lifestyle