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Originally posted by Shellbell:
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A fact and crucial takeaway that is being overlooked is the sheer size of the Rockford project. Economies of scale and logistics have to come into if the company is going to be prudent with its finances.LEG has 3,000 sq km versus what Sirius had which was 46 sq km. That is a massive difference!LEG doesn't just have Mawson... it has five other prospective sites that have been targeted as "prospective". MW states in the webinar that expenditure had already started to exceed their forecasts... hence the need to raise more funds. My thoughts are that with 3,000 sq km, 5 other targets to drill and survey, the company needs to be prudent with their spending (even with $27 million). The economies of scale have to come into play with such a project. Others can whinge and whine about management, the CR, the plans, be the best judges, etc BUT I think management are doing a great job, are doing what any smart operators would do at this stage and that bodes well for the future prospects of this company and those involved as SH.
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Shellbell, Well put!. Its hard to compare the SIR tenement to LEG as the Sir tenement in comparison was only a stones throw from Eyre highway. For those who have not been there the access roads are not bitumen highways they are two wheel tracks through beautiful but very inhospitable country. Not ideal for traversing with a triple road train where the more traffic the worse it gets.
(20min delay)