Meerkat It seems I made the wrong call suggesting to you that...

Meerkat

It seems I made the wrong call suggesting to you that IRM would come up with results sooner than MDX.

It seems that the new "exploration technique" of giving a couple of highschool drop-outs tape measures to measure hills of silica with a few rusty bits of "ironstone" in them is a much more rapid way to produce results. All that's required after that is a secretary to type an announcement about a 700,000 "target", a couple of bottles of JD to give to a "competent person" for a signature, and
BINGO, you've got the "stock of the day".

You can then dispense with the usual crew of expensive geologists and messy drill rigs.

It really makes us look foolish here, holding onto shares in a company involved in a much more lengthy and expensive process of drilling in expectation of extending previous hits of 63% Fe.

How'd you go on MDX, anyway? 60%-70% profit?

Do you have any tips you can share on the next well-managed company due for a run?

Cheers, Idaho