KOR 0.00% 0.8¢ korab resources limited

Ann: Korab assets strategy review , page-29

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  1. 639 Posts.
    Hi Aberfan and all other holders. Shakespeare, were he still amongst us, could write another As You Like It, a play where very little is what it appears to be.
    It is my feeling that although market conditions play a role, it is not feasable to market miners with grades mainly below 2 g/t.
    So grades play a key role here. To operate in the long run one needs around 4 g/t. That's why I personally never took these spin-offs seriously.
    What is lacking is, preferrably more than 1, good project, forcefully brought forward.
    What we see now is a bit of this and a bit of that and I certainly donot see any substantial progress in the near or medium term.
    A couple of month ago, I had a little money coming my way and I put that into ACN at 11cts. Now they do 20cts but I expext them to exceed 1 dollar. Maybe a little DD in this direction might restore some of the bullish feelings we once shared. My very best regards.
 
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