I think this is a schnitzel show. If this is the quality of the "interpretation" and it's price sensitive, then it shows the company is just desperate to prop the price up.
Last drilling effort they didn't put out a single map or section. Makes me wonder what their fear is.
If they have a map showing the strike length, it should be made apparent and clear. If they drill, they need to show the depth and thickness, or it's going to be a cause for doubt....which I do.
I lost a small amount here, but I can't see them doing anything substantial for a while, and they're still a considerable way above cash backing. Which means they're carrying $10M of market cap on "interpretations" which are meaningless, and unsubstantiated true thickness and strike extents. Soon as they burn the cash, then all that will be left is the value of the projects, which are 80% less than 9 months ago and looking less and less certain the more they dissemble and obfuscate.
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I think this is a schnitzel show. If this is the quality of the...
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Price($) | Vol. | No. |
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