Post by
Franschoek on Jul 17, 2020 9:34pm
Great run, I missed it
I think it's a great property with lots of potential. Processing the surface stockpile is a no brainer.
looks to me like they could net 5million from it. Question is what do they do with the money. I bailed because they chose to proceed to go after the ug stockpile. It's an extremely risky move.
The safer move would have been to explore, build resources, and have the ug stockpile as a hole card to keep investors interested. Enjoy the ride guys, I get it, but it's likely a rollercoaster.
imho
frans
Comment by
adroitness on Jul 17, 2020 10:41pm
Aren't they just removing gold rich overburden from a previously successful mine from when gold was a tiny fraction of today's price? Why explore?