Thanks for the pointer mvded.Makes a good read, pity he hasn't...

Thanks for the pointer mvded.

Makes a good read, pity he hasn't got his facts anywhere near right.

The Burnakura processing plant was acquired and re-located, the all up price was under $1m from memory (Roboshan will remember). Never had any valuation of $28m - check Tectonic's annual report for an amount approaching $14m that they would have had to write off (they wrote off ~$5m)

Your trusty writer seems to be confusing his information with that of Mercator Gold (which is the dominant holder in Meekatharra, and almost surrounds Burnakura), as Mercator has bulk resources at around 1gram per tonne, and the bluebird processing plant which WAS valued at $28m.

I don't profess to know Ron Huston, but on looking him up, seems he has good form (sold his own mining services company to Henry Walker Eltin back a while)

All said, I hope lots of investors trust his "facts", and the shares stay up - and Tectonic makes a profit on the way out.

Postscript - share price is starting to look interesting - many more buyers than sellers