We have no reserve, and little of that resource is even in the 'Measured' classification.
How much of it is economic? How homogeneous is the ore matrix, and how much of it is chemically and mechanically extractable?
So, no, we don't have 100m pounds of anything. We have a dream, an enormous potential. After years of delivering nothing, RH has created even more uncertainty, not less. He has made decisions that leave us further from a bankable economic reserve, not closer. And for some reason, he appears to keep pushing us further away from developing a mine.
We have mostly an inferred & indicated resource, and a scoping study. That's it. Nothing has changed in over 5yrs, except a huge wave of dilution, loss of mining permit, and a 90% loss in the share price over the last 3yrs.
In any other mining company, he would've been fired long ago. Insanity. Mind boggling insanity.
TOE Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
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