From memory -In early reports There was commentary about the near mine high gold readings when found? and the need for specific plant modifications that would be needed to handle it and that those plant modifications which were stated would be done when cash became available from the main pit and would also be needed when mining got deeper. So no those readings were not ignored just put in the we can't process it yet with the plant as configured. Don't know anything about your "FUMBLING " Geo at the time or know what leeway he had in actual mining decisions or ability to drill. One could describe old GCY management as not achieving the best of decisions in many things with the information available.
Just as I knew nothing of the new head when a shareholder of NST when it originally bought and developed Paulsens. I do know any claims that this man made that he created NST to be far from my reality as an early NST shareholder at that time - a claim since dropped from his work history.Maybe it should have originally read helped create NST?????? Paulsens operation was made profitable by the slow sorting out and buying back of royalties and other decisive actions including time payment from mining profits of the original purchase by only one person.
I have not pushed "it's shit"
I have pushed it's VALUE lay when it was a RUNNING PLANT and still operating with SPACE in its tailing dam and would have enabled WGX to make INSTANT CASH from trucking existing higher grade stockpiles which have since gone. I have also argued as EACH VALUE ITEM of these things was TAKEN AWAY including those WGX stockpiles as a take-over target that would have added value to a buyer was seeing GCY's value reduced and continued to reduce until it value was just as an idle plant with a full tailings dam at that time. I also pointed out it was uneconomic to run when it was putting thru less than 1g/ton which it did with current management for 6? months or more all ascertained from its cash flow statements when under prior management. It's $16 processing costs excluded costs relating to its power plant.
All the above is true
That you don't like the truth in my points it is not my problem.
I apologise to AMI holders as this has been dragged off topic even further.
AMI Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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