I can vouch for Glovers being a genuine ECR investor and that this is his 2nd time invested after making money previously on this stock. As for you marklee1, you come across as nothing more than a phucking tool.
Here here. I can believe that people that made money here were probably disciplined and guided by conservative estimates. As a long term investor here, I can see that. I think the ignorant will look at the overall picture..... 'oh it was 0.2 same time last year and now its 0.02, what a rubbish share'! Cmon then. If you are so experienced and full of wisdom, care to tell me how this sector has performed over the last few years? So do you know anything about mining cycles?? I.e. boom bust. Quite a number of experts and analysts are predicting good things. Gold price is going up. We are explorer at the moment. Almost to producer though but at a cost. Cost = number of shares in issue. The resource estimates are accumulating. We have a jorc and NI report. Both with targets to further deliniate based on technical analysis produced by professionals and some rather brilliant exploratory work. A bit more work and we can double, treble or quadruple some of these basic ranges. Then what do you think will happen? And what happens when market recovers? Patience is key here. Dyor as always ;)
Rubbish on here. Think folks should follow their gold stocks and look at progress. Capex to get production I believe circa $1 million. Resource unproven but could be up to 1 mill oz/au. Tailings providing revenue to start bigger ops with by-products possible to be sold. Funded next phase of drilling. Mcap under £2 mil. What does anyone expect for this price?
I think what we have here are the 'green shoots'. Exploration targets on all fronts. I think the 'lower' estimates would basically have to be if gold was only confined to being the lowest outcome everywhere else in our target areas. V unlikely! Although I agree that oz is the place to be right now, a fairly conservative campaign at Danglay would prove the rest of the supergene is there and some. Could be looking at 300k oz in one target area alone. Bet SC is gutted the permit is taking its time. Never mind! Oz is going to be the making of us anyway and news flow is actually rather healthy.
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