what was wrong with the crusher?, page-9

If that native copper is so good, why have there not been any sellers lining up to buy it.
Native copper has some serious issues in short native copper is not pure copper.
The last JORC now many years away, was discredited by the cheer squad because they stated it did not take into account the large native copper holdings.
I believe there is a reason for that and consequently it is actually discounted out of the equasion.
WM has too many broken promises on his record, from the first JORC, to the 3rd JORC (how long did we all wait for that one) to the crusher and many more.
In my humble opinion WM just enjoys exploring, that is what he likes to do, and as long as the shareholders let him do that and do not hold him to account he will continue doing so.
He is also a good salesman and that is why some of those placements to overseas holders, lot's of beautiful pictures of said native copper, but in the end you need to show how you are going to extract a profit, and that sadly is lacking.
I also believe the shareprice has a lot further to fall, I will not be surprised with a below one dollar price, reason is M&G is selling, shares paid for work done (which will be sold too) and what will happen when the next major holder decides to offload.
The drop in the shareprice can be stopped by either increasing the reserve (ie publish an updated JORC) or commence cash flow (which needs to be positive very quickly).
For posters saying I am a downramper etc I would suggest to wake up, I have no benefit in ramping this stock down. My main issue from the beginning has always been that WM issued himself a swag of options and shares for nothing less than six months before his bonanza announcement. WM is laughing to the bank but shareholders and many of them faithful ones are hurting - that is not fair.