GREY:RNKLF - Post by User
Post by
factRbeston Nov 14, 2018 10:23am
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Post# 28971746
They have basically said
They have basically saidThey are not going to do resource drilling.
They blind mined for almost 3 years. On the 11th hour they go "LUCKY" was their word to describe it. Avoiding bankruptcy by months.
They found a lvingroom.
How does anyone expect the market to give this a value let alone a premium when they can't tell us when or where the KITCHEN is?
They need to do proper resource drilling and define the resource. At the same time identifyiing and targeting any high grade high tonnage areas if they are located.
These guys are the worse miners in the world.
3 to 3.5 g/ton is needed just to break even and with the low tonnage they need much higher grades to justify 300 to 500 million market cap.
I have never heard of an economic low grade low tonnage deposit. Until the Sept 24th find that is exactly what they were operating.
Everyone does realize the drill data they are going by is historic. Yet they claim this is a new geology that no one has examined before. Does that make any sense??
These guys are not miners. They need miners.