Why would a Ms Thomas return to this company after resigning and offloading? She too can see that the porphyry's not worth a cracker. The contained metal value is that of roadstone, 4km above sea level and buried under 400m of rock.
As for the breccia pipe 8 gold results, that pipe looks only 50m diameter on the aerial photo included in a previous release, so that's never going to be an open pit goldmine.
The future of Chanape is interesting but its a very expensive and difficult exploration project and the company has no funds to push it forward from here. The best thing they could do at this point would be to stop the rot and sell it. Otherwise, they have to raise cash at an incredibly dilutive level to struggle on with surface mapping and sampling, and then drill few more holes down under some of the other breccia pipes, to see if the porphyry comes closer to the surface with better grades anywhere else.
What was the Board thinking in not raising funds with an honest placement before the core actually went to the lab? And why did they spat with the only competent person among them?
No, face it punters, Ms Thomas won't return, as far as she's concerned it's good riddance to bad rubbish I'm sure.
ICG Price at posting:
4.0¢ Sentiment: Sell Disclosure: Not Held
