MMC 10.2% 70.5¢ mitre mining corporation limited

@kanomi Ian you are an idiot. You complained about dilution...

  1. 4,300 Posts.
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    @kanomi

    Ian you are an idiot. You complained about dilution today with the FMG deal and another CR!

    Drilling cost money Ian and 1000m drilling was 3 for $1 million 4 years ago so add up how many holes you get for what was raised. That’s why small caps chasing deep elephants are expensive. I was only quoting the NCM guys about the difference between epithermals and porphyrys.
    They chased every rabbit down every borrow to find a JV partner but they left it too late as 6 months was spent on NCM.
    S2R chasing another Fosterviile! They spent $65 mill per yr for 3 years chasing that vein someone else found to confirm that the vein was worthwhile a great return as it tuned out! As long as it doesn’t kill you first!
    Tribecca were owed money and they were happy to leave cash in here, either way benefits both as less cash in the hand over. As for insider info I’ve already posted most cannot be mined of the inferred resource stated. They will need a structure to hold together and while they will find AuAg in every hole they drill just like Equus did it has to hold together, it could be caldera so broken up mixed up quite a lot. But if they hit it’s game on.
    Wind screens are big In rear view mirrors small for a reason, when you drive out of the farm don’t look back.

 
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