I see all the sales of shares on market & one thinks how many gullible people are there in the world . They have been at this for 11 years & they still aren't mining
.No doubt, they will string this out for another year, till all the approvals are through. Otherwise, it will be an abandoned mine site like Kat Gap.
The next thing they are likely to announce is they will move the plant to Forestania - which will be in a year or two if they get approvals.
They were never going to mine Kat Gap - that's why they never drilled it adequately, the grade is far too low considering the overburden that needed to be removed to access the thin mineralized section of ore. Forestania is not much better.
If anything is mined & processed, it will be at a loss, & shareholders or financiers will pay for that. I think the next step will be for AU Resources to get control. Dean is in love with Forestania as he thinks there might be an orebody there, but nothing has been released to the market to indicate that.
They will just continue to get others to pay for their Foley
Ask yourself why they put everybody through the delusion that Kat Gap was going to be mined.
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