emanon069
You are correct. The company has no JORC (2012) resource and the 910,000 oz referred to is a mish mash of widely spaced low value open cut and sub surface drilling carried out many years ago. Much of it refers to open cutting Morning Star Hill which will never be allowed irrespective of economics (which are non existent).
The company has a history of using “plant upgrades”, “mill outages” etc since declaring Commercial Production as excuses for their abysmal performance. They have had a revolving door of senior personnel and board members.
My advice to you is to research the postings of those who are qualified to make comment and have an intimate knowledge of narrow vein mining and the geology of the eastern Victorian goldfields. Ignore those who incessantly promote the stock and offer up nonsensical comment.
It won’t take you long to work out who the latter are!
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