GNM great northern minerals limited

Ann: Amended - RC Drilling at Big Rush Gold Project in QLD, page-4

  1. 585 Posts.
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    So they removed all the words and numbers of the Exploration Target as they said it’s not JORC Compliant.

    It had referred to their 11 July ASX announcement that was their JORC Exploration Statement so does that mean they have also to retract that statement?

    In the weeks before that they had announced JORC Exploration Targets for Camel Creek and for Golden Cup so does this suggest those are also not JORC Compliant?

    That all goes to two things:

    1. Do these new gold projects really have what their Due Dilligence said this why to acquire the projects, and/or

    2. The management competence?

    I post here because I looked at these projects previously and I was interested in acquiring them because the grades actually did look good, but the projects had quite high $5million unfounded rehab liabilities that needed to be assumed by the buyers, a point I had posted here about before.

    And for full disclosure, I am still interested in them but not with those high rehab costs.
 
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