RE: Salinbas19 Jun 2019 15:15
Hi Benjie
I do understand that the mix of precious and base metals in the NE is likely to be markedly different from Red Rabbit, so you may well be right. Dr S did mention in the Mining Maven chat that they had looked at, and are still looking in some cases, new prospects. I'm not sure whether I am particularly keen on this potential expansion, because from an investors point of view I am looking for short to medium term return, not a longer term expansion into a medium or large mining company. From past experience early stage prospects add little to a mining companies rating in the short term, and as we know from Salinbas the projected path to production is very long even when the potential of a deposit is confirmed. I am also aware that this is a small tight knit operation which has enough on its plate as it is, both in terms of time and exploration budget. Do we really need more licences to maintain, that maintenance needing not only periodic financial payment but also proof that actual effort is being put into exploration? I just fear that the corporate plan, which recently appears to be much more focussed, will degenerate into a plate spinning exercise.