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04/11/20
12:42
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Originally posted by JasmineTea:
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This the problem with MLL threads - there is no balance just unrealistic expectations. As per other posters and company statements "4 months" to empty the lake above the pit that is 200m deep. I would want to see pumps, and also any approvals needed to dump all that water. In my opinion it will take longer than 4 months. + Once the 4 months has finished how long before the pit becomes dry enough to start exploration drilling? + Send cores to a lab (Australia - Perth)? + Analyze cores in a lab + Report to market In my opinion we are looking at 6 to 9 months minimum. This uncertainty as to timing well as uncertainty as to whether or not the drill results will confirm an economic resource is reflected in the share price. We are bid at 14.5 cents. In my opinion more downside ahead.
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Already an economic resource there for a mid-cap gold producer mate, the conversation has been done to death. Barrick is the biggest gold producer in the world, what's not economical for them doesn't mean it isn't economical for another producer, say a company with $113m market cap...