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clock Created with Sketch. 12/04/22
21:57
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Originally posted by Onceover:
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One thing that troubles me about commentary on Hotcopper is that, whenever I read 'authoritative' comments about a project or company for which I am actually running operations or doing fieldwork, the things that are postulated by would-be analysts here are invariably so wildly far from the truth as to be ridiculous. People will be counting down the days passed, drilling rates, and the metres drilled towards a mouth-watering geophysical target, and be completely unaware that the rig has not yet arrived on site, the program has been cancelled, and the driller has gone to another job. This certainly makes me doubt my own analysis of companies in which I am not actually involved or regularly speaking with management. (And of course I would never actually comment on a company who's operations I was involved in. That would be unethical and a breach of professional confidence). But it's a sobering realisation, even for one who has spent 35 years in the mining industry and has half an idea of how hard and slow exploration actually is and how many things can actually go wrong.
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I know what you mean about some comments. This was only my interpretation of the area and down plunge diagram along with what they say in interviews/presentations. I pay particularly attention to the psychology and try to interpret what they are thinking particularly when they seem very excited.
(20min delay)