I recon you should get on the phone and ask him.
I got to agree the spend is huge. I almost fell over when I heard how much the burn rate was.
They still have 10 rigs working too.
I don't know many little explorers with 10 rigs working flat out for over two years now if I am not mistaken. Actually I don't know any. None can afford 10 rigs going all the time. The only explorer I know with ten rigs going at one time is DEG.
Anyone know any others?
It would indicate to me that there is a lot of stuff there.
I don't believe they are making swiss cheese out of some random ground.
From just the above it tells me something big is there.
So in those times I doubt I always turn to what I know to be going on.
300 plus workers.......working away. Don't tell me they are leaning on some shovels.
10-12 rigs working at least 8 hours a day and for diamond most likely 24 hours a day.
Pilot plant with mixed feed going through.
Strategic investments to influence their decisions.
Some big wigs from some rather big corporations wondering around the site.
Some fella from Perth buying a large amount of shares after a site visit.
I don't know any little explorer doing the above and yes having such a little market cap.
No spruiking of the company either.
Top 20 own about 65 - 70 percent of the shares!!!! ??????? if I am not wrong as I don't have up to date info
All the above points to something big going on with a tiny little company.
Maybe I am wrong and I am potentially loosing some very hard earned cash.........I have done it before
AW
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