Murchison is a Make Work Project for ManagementIt's obvious that the Floatation plant joke is a make work project for management..
Otherwise, they would have referred to an economic analyses of risk and reward along with the putative market potential.
So, write that off as in any way enhancing management value.
Now let us examine their major work project intended to take them to blissful retirement .
In 2020, it took our management zealots 10 weeks to drill less than 5000 meters at Murchison...500 m per week.
Now, at average per meter drilling costs, they are proposing a 50,000 m drilling program.
That will take at least 100 weeks plus another 8 weeks for all assays to be received.
So, over 2 years to get those drilling results .
We are now into late 2023, and no 43-101 still not available .
Then they want to more than double the capacity of the existing which will take at least another year and perhaps at $15 million in capex costs .
So, now we are into 2024 and just about to produce gold assuming that the POG remains robust.
No one can predict that far ahead.
So, the Murchison cornerstone project is nothing other than a make work project for an ageing management team that have not done anything to advance anything other than their own retirement benefits.
So, we have them now fully exposed and reassembled into their former barricade built on lies and fraud.
It won't work twice..