NMT 2.94% 7.0¢ neometals ltd

not sure that the Comet Vale mine was down to any Reed...

  1. 1,218 Posts.
    not sure that the Comet Vale mine was down to any Reed management expertise. It was a farm out and when the partner left they put the main on C and M. Not exactly an advertisement for disciplined mine management.
    In fact I see nothing in their history to show any expertise in anything other than running a large exploration company.
    Let's hope that the current gold project is the one that changes all that.
    I have gone cold on the Vanadium mine since I sat though a presentation by David Reed on the project and its $650m setup cost. Made me realise he was obviously not operating in the same universe as me where JV partners front money like that based on a Vanadium price that is historically quite low and the current blip might be seen a the anomaly, not the norm.
 
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