RE:Just a refresher
Just a refresher
Eastmain
The Doctor must be very anxious trying to do some catch up work ,some ten years too late. None of his NR's is having any effect on the SP for his wanted bought-deal financings. Some five years ago ER used to mention in its presentations the finding cost per ounce of gold and brag about it. These days, such information would just be too revealing and disheartening. both shareholders and management are hoping for the SP to improve; shareholders to get out; and management to get their finacing.
Highly concerning.
First Rumor :
Bought- Deal; They were supposed to have enough money in the bank for fairing the storm.. There you go!
Second:
Rumor has it that there is a very stinky bid coming our way. It is scary for longs since even though there is metal in the ground, there isn’t any PEA or current resource calculation or any third party validation of the economic viability of the deposit that could be widely accepted in the industry to defend the valuation of the resources if things become hostile. We got no technical arguments to defend ourselves with; everything is unfinished, half done.
P.S. "10 years ago we were lucky to have 600,000 oz/Au INFERRED there were no bankable measured or indicated ounces"
With all due respect Mr. Happy we don't have them today either; only proven and probable reserves sifted throught a PEA or FS are bankable in today's business.
FG