Sorry to the faithful that lost (I was also one once) & beleived the story & the X-Men buying by Xmas (2007?) etc, hell I even went to Cloncurry with a very big-time O/S money man & his very big-time O/S geo as some of you may remember. I could go on but choose not to.
To concentrate our minds on a current problem the company has - the JORC. No matter what is written, said or intimated by WM, Noiprocs or anyone else, the jorc is the jorc is the jorc & that is all that matters - to others.
Those others are valuers, banks, insto's, fundies, potential JV partners & O/S buyers. They solely rely on the jorc as THE tool to calculate funding, costing, PV's, FV's, DCF's, mine life, risk models, purchase prices, share prices etc & thats the way it is, like it or not. Its the benchmark of every measurement.
What is, is, so we must accept this. However what is now at stake IMHO is the funding (using the JORC) to develop the company from explorer to miner.
M.
CDU Price at posting:
$1.71 Sentiment: None Disclosure: Held
