You could certainly tell that Rick De Boer had written that announcement and not Richard Sciano.. Extremely technical with no attempt to smooth over the Barker Creek results..
Can't say it put a smile on my face but shareholders should be wary of throwing the baby out with the bath water.....
It is important to note that at these levels market cap just over $22m... White Canyon holding alone is close to $14million + the $4m cash to come from underwritten rights issue.
So the market is currently attributing no hope at all for the next two zones one of which has always been flagged as the real 'commercial' target (Upper Ismay).. In fact Rick reiterated on numerous occasions in announcement and in previous presentations.
The market is also attributing basically no value at all for the entire Golden Eagle Field..
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