RE: RE: RE: RE: RE: RE: Why So Underpriced?What worries me at this point is that even as they try to rejigger their mining plan to achieve an acceptable ROI, their resource profile is subject to change radically, both in quantity and grade. As I read it, their land purchase from Barrick was bigger than the current land package at the time of purchase. I'm not a geologist or a mining exec, but common sense would indicate that the development of a PEA and subsequent mining plan requires an overall understanding of the resource base. How is this possible given that so little work has been done in the new parcel?
Don't get me wrong - more resource is better than less resource, and higher grades are better than lower grades, but I get the sense that management's need to right the ship ASAP is in conflict with the logical order for events to play out and the timeframe required for it to happen.
Would love for my assumptions to be proven wrong on this.