This is easily confirmed by googling Gibsons Lode + Precious Metals Australia
They knew as far back as 2012:-
GTT also knew, as they refer to this grade in the 19 February 2016 update
Both SOC and PMR have even used pretty diagrams of the intercepts when it suited them
So the company is capped at $3-4M with $2M in cash or soon to be from the ATO earlier this year, it retains both Michael Leu and Peter Kennewell who know PMR like the back of their hand, the ground has historical results confirming DSO grade with massive conductors at depth ...
Why let both Michael and Peter go effectively, 'supposedly' shop the tenement for sale before ever having drilled, put PMR on the back burner to chase Li tenements at huge dilution and cost and have to hire 3rd party consultants to conduct field/exploration/analysis work ?
A stock capped at $3-4M, with $2M cash conducting say 2-3,000m of both shallow and deep drilling to test DSO grade at surface and conductors of that size, and they thought Li would give more of a pump ? Or is the GTT cheer squad going to say they genuinely believe in the longevity of the Li tenements ?
Had they of drilled PMR instead of chasing Li, it likely would have sat at $10M market cap prior to drilling, with bonanza grade kicking it $20-30M
Halls Peak was always a no brainer IMO, too bad they diluted the upside to death. They missed an easy 3-5 bagger just by commencing drilling IMO
SOC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
