Last year company activities are mainly gold exploration such as:
(1) Maries Find including Enniun gold projects at Bullfinch North & 10 prior targets
(2) Dixie gold project
(3) Mandilla gold project
(4) Murchison gold project (by EVN)
Last year company have spent $ 1.72m (EPS -0.003 × 573,020,145). But no any noticeable outcomes from any of above projects from my understanding. But poured hard earned shareholders & investors money almost meaninglessly. So far do we have any 1g of any mineral JORC resource?
I think maganement must forget about same region Copperhead or sibling company AME's Sandstone gold projects success stories.
Company must seek a certain promising mineral projects at present instead of chasing rainbows or illusions or mirages when there are certain things.
It seems LTR's lithium success story can be a great benchmark case for us. Even they had a Tanzania gold project of 390,000g of gold JORC inferred resource they divested it and then full focus on Australian lithium projects including Kathleen Valley and Buldania projects.
I sincerely wish to company that before seeking for any gold or nickel at Bullfinch North, please kindly show us at least visible pegmatite drill cores and rough deposit size first.
Company SP charts indicates exactly what company have been being performed in the past without any lying or any bias at all.
Regards,
ENT Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
