Previous management's announcements were very positive regarding potential grades, "the deeper we go the higher the grade" type comments. Plenty of positive statements and confirmation of the potential. However, it's my belief that mid/late 2012 was the first time they encountered on-going metallurgy issues, long before they put Unicorn on delay late 2013. Early/mid 2012 was when they did their metallurgy and announced that recoveries were fantastic, but this obviously didn't last too long and I think they encountered issues after that.
From mid/late 2012, fantastic announcements kept coming out about grades, the deep drilling, but the SP kept dropping, and I believe it was due to the metallurgy issue. I think the previous management did some great work, but I just don't understand why they couldn't solve the metallurgy issue .....
Current management have done a brilliant job resurrecting Unicorn. One can only hope that current management can realise the potential of Unicorn as documented in announcements by previous management, however I have my suspicions that previous management's announcements may have been overly optimistic at times. Current management seem to have followed suit with their latest announcement.
Both past and current management have confirmed the enormous potential of Unicorn, so it's now up to the drill to prove it .....
Not too long to wait .....
DTM Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
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