I spoke to a geo MD a few months back about Wattle his impression was it was its a very difficult mine to work out the ore body structure with, and despite some good drill hits RMS did not continue mining as they did not know due to the poor understanding of the structure how large the ore body was. THerefore they quit Wattle while they were ahead. My guess is EROs MD feels he has a handle on how that ore is constrained within the country rock, so really just a different opinion dont see anything fishy about that. Same thing happened with NST under Beument or Andy Well under Allen kelly they just interpreted the structure differently from the previous geos or managment as in the case with Andy Well under WMC. SO really this is a punt on a managers opinion-well it worked for him last time.
ERO Price at posting:
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