Originally posted by Davisite
Hardly. We are in the same situation we were in from the start which is it is impossible to value EXU correctly until we get more information on Mace. We will now get it before the closing of the RMS offer (along with an independent report) and we can then make a decision.
Only RMS fanbois and fools would accept the RMS offer before the new closing date.
Originally posted by Davisite
Hardly. We are in the same situation we were in from the start which is it is impossible to value EXU correctly until we get more information on Mace. We will now get it before the closing of the RMS offer (along with an independent report) and we can then make a decision.
Only RMS fanbois and fools would accept the RMS offer before the new closing date.
Yes , makes some sense but if you're pinning your hopes on the update in about 3 weeks (mentioned p.21 target statement ) I really don't see that much could be done in that time frame .
They say the Mace update to comprise :
• resource estimate – an update targeting a JORC-compliantIndicated Mineral Resource estimate for the Mace Discovery;
(Are they suggesting they can come up with a JORC or are they saying they'll update progress towards it ??Someone please tell me if you've worked that out .)
AND scoping study – if there is an Indicated Mineral Resource estimate,a scoping study in relation to the inclusion of the Mace Discovery aspart of the Tampia Gold Project.
For me that beggars belief that if somehow they could get a JORC on Mace.(can't imagine how) , they would have time for a scoping study .
I'm actually less trying to be critical and more trying to work out what realistically can be expected in such a short time .