- Joined
- 15 March 2006
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havingfun said:mmmm, i can feel that insto money, we will even have yours BSD...
Not on the basis of extrapolated resources/strike you wont.
Maybe in a couple of years when Wayne pays for a Bankable Feasibility Study.
Even a Pre Feasibility would suffice - but that may cut the current market cap by a quarter.
Note the comment at the bottom of page 3.
"However, no inference can be drawn at this stage that the mineralisation extends from the known mineralisation zones along strike."
Last time he drilled along the 'extrapolated strike' DORC110 he got low grades. But they reckon they missed (too far west and too shallow).
I hope you make a motza tomorrow chief.
Good on you. You are truly a sage investor.
Holding for production I hope.
What is your valuation?
I love seeing small miners come to production and make everyone involved money.
My problem here relates to the hype, lies and ineptitude. The issuance of millions of options at massive discount have capped my dislike for the management of this company. It would be a shame if this type of activity leads to people being turned away from backing explorers.
Here is an example of what is required for a decent pit
http://www.oxiana.com.au/_data/docs/announcements/2006/prominent hill update_approval.pdf
Only AUD$775m
If you let Wayne get all those oppies - he could finance it himself