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I mean gold has been discovered at the red dog\big red field in...

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Joshhhy

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19/11/21

12:07

Post #: 57699792
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Originally posted by Joshhhy: ↑

Well, you have to wonder whether they actually need this extra area to prospect considering how many they already have atm. Generally, metal is found with a higher purity vertically deeper down than it is horizontally wide. I mean if everyone no matter where you stood on the Earth dug directly straight down deep enough we would all hit pure iron in the centre of the earth. But if everyone searched horizontally wide with zero depth then no matter how far we all fanned out we wouldn't necessary find any metal of much purity at all...

So, I guess it all comes back to striking a balance and I just wonder if they've tipped the balance too far in favour of horizontal area now instead of developing the areas they already own to go deeper down vertically...

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I mean gold has been discovered at the red dog\big red field in a quantity worthy of being mined. So, build the mine and dig down deep vertically but instead they've chosen to extend horizontally around the positive gold find and do another assay horizontally further out.

They need the balls to transition from horizontal exploration to vertical mining and resource development so they get some revenue flowing...

QXR Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
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