Yes and no.Agree to an extent but your ignorance is also...

Yes and no.

Agree to an extent but your ignorance is also showing.


If there is a producing mine that has updated its resource model showing life has doubled (e.g. Mt Cattlin), there is an argument that this is in fact, better news than a very large resource that still has a long, debt-laden, troublesome pathway to production. The former is tangible - there is assurance the going concern will go on much longer, generating earnings for the asset owner.

A big resource that hasn't been put into production on the other hand,
as you have pointed out many many times when bagging SdV, bringing new production online has all sorts of delays and technical issues. So those big resources that are not in production...same problem.

So why no impact on SP? Because @Facthunter has stated, the majority of trading you see now is cloak and daggers/smoke and mirrors. Left hand of short seller selling to right hand of short seller. Actual buying and selling interest has dried up. This is quite often referred to as being in the 'endgame' for bulls who trade short interest.


And for anyone really paying attention, the Mt. Cattlin resource is likely a lot bigger than what is currently explored and drilled. There are 100's of kilometers^2 of tenements that GXY own around the area and this is an area that has been drilled extensively in the past (predominantly Gold and Nickel explorers) and most exploration has noted significant outcroppings of spodumene bearing mineralisations.

In short, Mt.Cattlin resource is likely a lot bigger than currently indicated. Just that for a company already in production with > 10 years of life, whats the point spending all your money now drilling to expand resource that wont be called upon until that much later in life.