RE:Let me be serious for a moment
Hey Reaper I believe Davis was just stating that resources were added. They were. This $58 million stockpile writeoff is a miniscuel portion of their resources. This new CEO obviously is in charge and has a plan. The M and I ore is there. Almost 60 million tons which they still want to get to reserves like the 9.4 million tons that are already there and will be mined through 2021. Here is part of what the CEO said in the cc on Thursday: "At Bisha, we will complete our exploration program for the year 2017 by evaluating high priority greenfield targets. We have announced a large number of other targets in our large licensed area and I expect we will continue to find regional exploration in 2018. And within 20 kilometers of the existing mill, we have nearly 58 million tons of regional resources. Converting regional resources into reserves remains a longer-term target ad with existing mill infrastructure to leverage, it makes sound business sense." I truly think this guy knows this business inside out and given time he should deliver. Lets hope we are given time and can see just how valuable Timok can really be...later pal...