RE: i wonder what spin28 Sep 2018 23:38
I'm as critical as the next person about GH creating that mystical beast, value, for shareholders here but what could GGP do? Dump and run at EG without justifying the years of planning, pre-drill assessments, shuttling of staff back and forth, poring over drill targets and getting equipment in place to give it a go?
This is an exploration company, what it does is give things a go. There's no rule to say everything is going to be a giant victory. This is a speculative gamble.
Now, I will maintain Meadows is encouraging and nowhere near as bad as some are making out. Just because gold nuggets aren't popping up, leprechaun style, and hitting GH in the face, doesn't mean it isn't a potential gold province. It is v-a-s-t and under explored. But I suspect it's gonna take way, way more resources and cash than this tiny company can afford to muster up to even tap into it.
It needs to be mothballed for now imo, and we should concentrate on Paterson, which looks as if it could be the company maker. What GH shouldn't do, is spend on new assets. We need to get at least one current asset at or near monetisation.