RE: Looks2 Feb 2023 09:57
1/2
After a recent look back on my previous posts on bzt I suddenly became aware of a big mistake I had been ‘operating under’ for many months. On 28/09/21 I posted some research and thoughts on bzt in post 12/13 I remarked on the then recent release of minemba drilling at kalegwa in Zambia, remarking “but the word gold was absent from rns prose, bulletin board reaction and follow up interview” this resulted from my mis-read of the rns, reading (‘in the moment’) Ag as gold when obvs it is silver. Luckily my actions towards bzt investment based on this mis-read were negligible but I was not corrected on the blatant mistake on this bb and only realised relatively recently. I do generally try to read rns’ very carefully and on occasion re read many times (26/10/23 bzt rns for example) as attention to detail can make a huge difference, but sometimes attentional dilution prevails until a misunderstanding becomes accepted as apparent reality in my mind when busy life commitments and multiple dozen investments are involved. That being said, and in no way am I surprised or in anyway put out by the lack of correction – it is not an expectation of mine in posting (although an obvs nice to have and always welcome bonus), my 28/09/21 post was lengthy, rambling and in parts dense, however I do have time currently to offer a likely correction to a post from yesterday I read concerning two 1000m drills at mank…
Any market excitement regarding the drilling of two 1000m holes, surely ought to have already occurred since those holes, apparently, imo, have already been drilled and likely at a cost of >500k usd before the release of the 26/10/23 rns.
Past tense in the following, for me, is unambiguous.
“IDM International, through Crescent Mining Development Corporation's ("Crescent"), have made very good progress on initial Pre-Feasibility Studies on the Mankayan copper gold project in the Philippines since IDM Mankayan acquired its interest in the Mankayan project in October 2021. This has included:”
Or once para phrased - IDMI have made progress on Mankayan since acquiring an interest in 2021, this has included.
Six bullet pointed activities, one of which reads…
“ The completion of 2 Pre-feasibility holes to depths of ~1,000m each focusing on metallurgy, geotechnical and hydrogeological studies and the collection and management of all data produced from the 2 holes for analysis by Crescent's in country team and its advisors;”
“The completion of” reads to me, that the holes have been drilled.
Any market excitement in regards to “the prospect” of drilling these holes was negated by the fact ‘the market’ was only informed about them *specifically*, after completion.
AIMO
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