And an example here in this link of the fairy tales which...

And an example here in this link of the fairy tales which investors have been fed over the years - https://blackhamresources.com.au/author/blackhamres/

Dated Jan2020 and extract below
Having successfully consolidated and re-established production on one of Australia’s most prolific goldfields, Blackham is now well set to progress the next phase of growth from its 6.7Moz Wiluna portfolio.A 2017 PFS demonstrated the merits of expanding into the higher-grade sulphides (70% of resources) and developing refractory processing capacity to increase overall gold production from the current 80-90koz pa rate (all free-milling) to over 200koz pa.Potentially deliverable for a modest capital outlay of just A$114m, this could see AISC lowered to circa US$800/oz and margins widened to 35-40%. Moreover, with oxide reserve additions, current free-milling operations could be extended, pushing combined post-expansion production closer to 250koz pa.

But the reality is:
In the past 12 months the company has raised via CR and draw down facilities more than the $114m they claimed was required to see AISC lowered to US$800/oz meanwhile in the last quarterly we saw stellar results of: Production year to date 26,758oz @ AISC of A$1,839/oz, but hey, maybe the investor report didn't carry the 1..