RE: RNS11 Feb 2022 21:20
I have to interject...
Now of course, call me rose tinted as I'm obviously invested and hope the best for ECR... however... All this 'Creswick is a piece of sh*t' narrative, can we consider the following -
- Adam Jones made it crystal clear that this campaign was all about formulating a detailed map of the geology, not hunting for a GGP motherload.
- Adam also made it clear that the nature of the deposit means that drilling small shafts + halving the core sample (as per the lab request) means that not all core will show high grades, BUT, he clearly knows the nuggety gold exists in varying sized pockets identical to locally producing mines, hence his excitement last year when he said that pockets of £10-20m exist along the DMS and it's viable to mine (which is one of the reasons Craig bought the land, to create a mine entrance)..
- Adam was excited about the prospect of further drilling the high grade zones to sure up resource figures.
- Adam is sure that the market is undervaluing the quantity of gold deposit at Creswick, so much as to make a point about it in the interview.
- In my honest opinion, and perhaps a body language expert can correct me, but Adam didn't appear disappointed, more a nonchalant attitude of 'OK we know what we know, let's do some more drilling and find out more'. I know your opinion differs here Legal, but he just seemed pretty chilled to me, disappointed more in the fact that the cores didn't contain the nuggetty stuff he's convinced is there, rather than being disappointed in the geology itself.
Now don't get me wrong, I'm not trying to polish a t*rd... The assay figures don't make for good reading.. But if Creswick is full of pockets of nuggetty gold as Adam insists, companies and JV partners that know far more about geology than we do will take note and presumably want to make a buck.
We move on to Blue Moon and await targeted HR3 drilling, but reading posts and tweets essentially writing Creswick off appear far too doomsday and over the top considering the facts.
That's enough for tonight. Perhaps ECR were getting these results out of the way ready for next week.. I'm convinced Andrew Scott would only have joined the team if there was some genuinely exciting prospects to come in the near term.
Bring it on ECR