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I gather you won't be taking up the rights issue?

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Pokerface

7,378 Posts.

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06/08/14

20:42

Post #: 13780510
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Originally posted by stoeger ↑

Discocopper not to come across rude or insulting but to say "Sure, its not JORC. But the implication from the announcement quoting tonnes and grade is that a JORC-compliant statement wouldn't be too difficult to get with a few more samples/tests. " is just ridiculous!

From my previous post "A mullock dump is by definition, waste rock from which the wanted material has been extracted, and or waste material generated while searching for minerals while mining.

Hand picking samples to generate assays from material passed over from past activity is one thing, but turning a mullock dump into a JORC resource is another. The uneven distribution of any remaining mineralised material in a waste dump, is extremely difficult to define...... lucky people may believe in estimations, but to get funding it will have to be more accurate.

If a deposit is present, it won't be found in a waste dump."
They need to find out what's been left under the ground, than coming up with what's been left on top!

The only winners here will be BG.

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I gather you won't be taking up the rights issue?

ST1 Price at posting: 0.1¢ Sentiment: Buy Disclosure: Held
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