I talked to them regularly and they increased acreage at Stansmore Range on my recommendation but lately they must have battened down the hatches - we don't even get any press. That's probably par for the course -they have been busy with EUR and they are not Robinson Crusoe thinking markets will recover. I have a different opinion - Guinea is a once in a lifetime opportunity - like the Pilbara in the 60's or as I say an "FMG moment" early 2000. Remember when Twiggy started -the BHP's and RIO mocked him -just low grade ore -even I didn't think FMG would cut the mustard.
Same dog same leg action in Guinea - the doubters here out in force -fortunately not everyone - Guinea is a better bet than the Pilbara notwithstanding sovereign risk -we understand that - but the grades are incredible with huge tonnages of high grade canga (detritals) as well as hard rock. Better than the Pilbara by a country mile.
As for 'native title' in WA a heritage agreement passed over my desk today the TO's wanting hundreds of thousands of $$ just to do some low impact exploration. So I agree with CUF with cost structures -native title - permitting delays it's too hard for a small operator to start a new mine in WA. So what do you do -wait and hope it's all going to change -I think not especially now with the latest gem from Federal Labour on the 'natural environment' proposed laws. Even Cook is up in arms -
Last man turn out the lights -nickel is just the start of the decimation of our mining industry by countries not burdened with all the impossible hurdles here with which we have to comply.
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Mkt cap ! $17.35M |
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4 | 767200 | 0.009 |
Price($) | Vol. | No. |
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0.015 | 3002936 | 7 |
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