So, it’s been about 6 months since the company promised to release the Golden Mile resource and about 4 weeks since the quarterly where the company stated the Mt Freda resource would be due for completion in weeks. I’m wondering why they’re so reticent about releasing either of these resources. Surely they’ve completed the Golden Mile resource by now, and they’ll be mining MF before the end of year (they did promise that) so you’d think they must have some idea of what’s there. Trying to think of some reasons for the delays; A dingo stole it? Northward movement on the Indo-Australian plate caused a problem with the collar coordinates of the old holes? They couldn’t find a Competent Person who’d sign off on one or both of the resources? As Eastwest101 mentioned, maybe the historic holes had dodgy down-hole surveys and got rejected by the CP? More datum issues? There was nothing to report (GM)? Covid-19? Insufficient processing power to count all those high-grade blocks? (maybe waiting for quantum computing to be commercialised). Half the holes at Golden Mile were drilled in the wrong direction? The dog ate the final report? Even more datum issues? A herd of wild boars are lurking in the scrub at Shamrock preventing collar surveys? Got to keep it secret to stop Newcrest taking them out too cheaply? Who knows…it’s a mystery and I’m at my wits’ end? Funny really, as most companies are itching to release their resource estimates, so they can bask in the glory and top the tin up when the share price spikes.
AMG Price at posting:
3.9¢ Sentiment: None Disclosure: Not Held
