Mixed feeling here, a remarkable drill intercept. At least 100 holes drilled in the area and this is the first one with better than average grades. Hard to reconcile todays results...is there a mother lode that previous explorers missed? Looking at the previous drill pattern I cant see how they missed hitting any significant sized lode......it looks just like a small but rich anomoly.
Despite the rhetoric, this still looks like a small unremarkable gold deposit. It may have potential to be something bigger but the overall grades will need to improve from what has been found so far or a hell of a lot of undiscovered ore bodies will need to be found.
Present management have made it clear that whathever the case, they are not going to miss out on the spoils. Under the cover of one single anomalous drill intercept they have filled a trough with millions of dollars worth of shares, a feast to be slurped up soon, based on performance criteria that have probably already close to having been achieved bar the paperwork.
Shareholders who were about when Simon took over the reigns of the company will be aware the share price has been decimated under his watch. Due to the 60:1 share consolidation the Share price will need to be 60c per share to be at an equivlent level to when Simon took over.
There will be a lot of shareholders with near empty bellies watching the feast.
mi
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