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47.5¢ breaker resources nl

CR on the way, page-78

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Gwaihir

5,243 Posts.

3945

26/04/18

16:30

Post #: 32700130
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Originally posted by flying ↑

This was discovered on the 13th of November 2015!!!! 2.5 years ago!!!! Adequate time from discovery to first JORC resource to be completed that is representative of the quality of the deposit. The average between discovery and Resource for recent new discoveries (e.g. Nova-Ni, Gruyere-Au, Andy Well-Au) is between 7-12 months so to say this Resource has been released prematurely is simply not the case. Maybe this is not as big as what people were expecting, but that's exploration and that's the risk we run.

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I agree.
There has been some excuses made here, and slow process since November 2015.
Makes you wonder if the progression to date has been part of a strategy.
Should have had an initial JORC out 15 months ago.
Compared to other related AU explorers now, this is not worth 30 cents IMHO, 18 to 22 cents is more like it for the moment.
Still overvalued.

Gw

BRB Price at posting: 30.0¢ Sentiment: None Disclosure: Not Held
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