It seems painfully apparent that the fact that any results issued by a critical medals and not offering strike depth on higher concentrations found it. Suggests trying to alternatively impress the market with an overall average grade. This concerns me because you could quite easily find a very deep ore body and not wish to express that because of the high cost to mine. So logically expressing an average grade would avoid disclosing this valid concern. I certainly wouldn't want to invest in a load that was very deep in the ground and especially at the base of a mountain. The cost to me seems exorbitant.
Then of course you've got the fact that the grade announced is still ultra low grade. grades this slow rarely come to market in my experience as there's not much money in it.
The other concern I have is the silica gel formation. The only ways you might be able to find a way around it are extremely costly and in the majority untested To any commercial level. This seems to be a high cost high risk concern. I can only envisage it being the reasoning that the company's share prices dropped 90% in value since investigating the project. I'll also note that a lot of the work that had been promised to be completed including updating SIA and EIA and other factors like ample drilling assays to safely adjudicate resource size. Have seemingly never been present considering they are all being redone. So even though you reassured us, gbb, that all this had been done to the higher standards and accepted by everyone. I can't quite see the evidence here.
The risks go on but I would say that this alone is enough for the market to panic and flee a resource dropping its price 90%. It truly is a devastating amount and I've never seen it happen so quickly within months
Of course gbb you are too afraid to comment on this and I can quite understand why if you are found to be held accountable. Better to keep your head down and h And say nothing hope it blows over and no one notices? Otherwise if this news keeps coming through this disturbingly. I don't know what your future looks like but I can see why you'd be in Greenland concerned about it And not wishing to discuss the the all of this or uranium find in the licenced area.
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