On The Precipice, page-2

I didn’t see the original post that started this thread before it was moderated, but the title accurately captures my current sentiment. The company has a market cap of $100 million! with less than $1million cash left at the end of December. Probably down to half that now, and soon potentially at risk of trading insolvent.

Our management are still at the stage of sinking money into super deep diamond holes to build “geological models”. We don’t even have a geological model yet. The average Cu resource grade at 0.4% is obviously not commercial, so the whole project has no bones, and we are sinking holes looking for a miracle. How we ever got to $100m market cap in the first place is a bigger mystery than the Bermuda Triangle. And how management let our financial position sink to this - just beggars belief.