FR joint venture partner CR1's September Quarterly announcement was a bit disappointing or somewhat strange as it did not mention about Plato South and Mag 2 areas at all.
By my misunderstanding, I initially thought that CR1 was going to carry out RC drilling over there during September quarter..... but it was definitely my confusion and misunderstanding.
Regardless of both companies SP movements, I personally do believe that there is no any negative perspectives from a fundamental viewpoint.
But possibly one of the 3 following reasons could be the reason why it did not mention at all:
(1) incomplete findings or too early to call
(2) finding either or both no prospectivity(ies)
(3) finding (very) good prospectivity(ies) from either or noth but tactically no comment
In light of E63/1282 cases which were concluded no prospectivityies of their gold and nickel over there, I would like to exclude above #2 no prospectivity(ies) case.
Regards,
Ann: Quarterly Activities & Cashflow Report, page-2
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