MEU 2.13% 4.6¢ marmota limited

3yrs ago they were getting a sample together to do the...

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    3yrs ago they were getting a sample together to do the metallurgical testing plus resource estimation ?
    https://hotcopper.com.au/data/attachments/6249/6249778-de59225bf66b724007f28d5e0c8297ad.jpg

    Sept 2021 started going on about Jumbuck and Junction dam as well as work at AT.
    https://hotcopper.com.au/data/attachments/6249/6249802-30b89ef20dc61998cc0ad69978d4d221.jpg

    Starting to look like a cut and paste.



    9 months later the bulk samples still haven't been done and still going on about the bulk densities and resource estimation....yes the resource got bigger too.

    https://hotcopper.com.au/data/attachments/6249/6249792-54f047ce327a320c912be5ad5fe54fc4.jpg
    Jan 2022
    https://hotcopper.com.au/data/attachments/6249/6249819-67ae54b0e614dc478853678d4f79b33b.jpg
    February 2022
    Bulk tests complete and positive.
    Resource estimation not referred to as far as I know.

    https://hotcopper.com.au/data/attachments/6249/6249808-eb60a72ff5b58a4d70ce608e00ae421b.jpg

    April 2022
    more drilling north west flank has more gold.
    https://hotcopper.com.au/data/attachments/6249/6249822-733714a4da8bfc209f7f286a887de887.jpg

    Aug 2022
    Intention to define pit size
    You would think a Jorc would follow that imho?

    https://hotcopper.com.au/data/attachments/6249/6249837-12dc4ec958b873ca79bec39ef5360146.jpg

    Nov 2022
    director gets the S's with shareholders
    https://hotcopper.com.au/data/attachments/6249/6249844-6838ebac47a169c71b6a55fc92d97a77.jpg


    We are equally delighted to get the metallurgical test work program underway

    May 2023
    Test work is just beginning according to annual report
    Lots of info on on Uranium and REE's
    https://hotcopper.com.au/data/attachments/6249/6249858-e5110da082fc4163e43239e5bd762f0a.jpg

    Nov 2023
    Metallurgical work is underway and focusing on low cost open pit heap leach operation which we all knew from the begining
    https://hotcopper.com.au/data/attachments/6249/6249863-a169f2f832ed6439faa733032a8c104e.jpg
    https://hotcopper.com.au/data/attachments/6249/6249865-d663528be6f02ddd6f864ad6c456de92.jpg

    April 2024
    metallurgical program is currently on track, and approximately 40% completed......hmmm it had a slow start.
    https://hotcopper.com.au/data/attachments/6249/6249869-eb4d0c1912ae2b78e3e8247b53693767.jpg

    I didn't read everything just picked out what seemed to be the relevant reports and didn't see anything about a mining licence being applied for. Maybe it might have been commented on further back I'm not sure . I know a jorc was referred to way back.
    We have been drilling at least 7yrs, our shares on issue have increased hugely and we still don't know what we have except the the drill says it gets richer as it gets deeper and we have no idea when we are going to be producing. It's going to take a big loan from the likes of Macquarie and a gold hedge to go deep straight off the bat. The Dr and us are going to be diluted once again, but that's mining. Frankley I would rather we got taken over at this point. Not likely to happen though.
 
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