seems to me..., page-50

gjcl,

You are welcome to trawl back to my posts of yesteryear where I provided the same sort of commentary as i do now. I cannot recall what I worked it out as, but it was something around 20c per annum cash flow and a $2 share price.

But that was prior to all this dilution. So i guess....$1?

Holders of this stock are sadly holding on to a belief that a small portion of the deposit with bonanza supergene mineralisation will carry on throughout every other part of the deposit and deliver riches befitting Kanute.

The truth is, it is a sub-percent big tonnage low grade IOCG deposit with a few sweet spots and a lot of metallurgical problems. Conveniently, DFS's come and go and the project gets green-lit and the irrepressible character of Wayne McRae makes all the decisions.

You'd better hope he's making the right decisions. I don't have to; I have never owned nor ever will own this stock.