Hello Boondog, also Jimized who said the same thing but not quite so tactfully.
My problem is that I an a Fellow of the Aus IMM and and am a "Qualified Person" in my area of expertise (Diamonds). I am not a "Qualified Person" when it comes to valueing projects because it is not my area of expertese therefore I must make sure that my comments are not taken as those of an expert. Notwithstanding my succesful commercial track record.
When I looked at the ENT projects I looked at the geology, the exploration results, the proximity of nearby mines, the reported work done on the ENT ground and, based on this, I estimated the chance of commercial success. This is entirely subjective, but it is based on 40 years field experience at the coal face. I did not give the detail because I am paid large dollars a day for such information. The figures I gave are my best estimates. I am not a consultant to ENT but I bought 105,000 shares at an average of around 45 cents and have not sold these. This is about 2% of my portfolio and it is not of material interest to me whether it is succesful or not, but it is of material interest to others, that is why I did the calculation.
I repeat though, I am not qualified to evaluate non diamond projects and all of the above information is at your own risk.
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Open | High | Low | Value | Volume |
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10 | 14463675 | 0.002 |
8 | 14600000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 1312608 | 2 |
0.005 | 2207455 | 4 |
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