RE: 2p highs at this rate will be broken!13 Aug 2021 07:23
WiseInvestor.
The thing is we are on the same side here. I hold a couple on Mill here and would like to finally see a strong investment growth.
But as I said, we need those 2 Cu prospects drilled properly. The data you pump day after day is from a mish mash of 1970s data, old RNSs and 5 shallow drill holes as far as I can see.
If the data was as great as you repeatedly say... then WHY has this share limped along spiking and retracing to sub 10 Mill maps even since the 2019 RNS outlining some potential Cu...Surely if we had proven the 2.5% Cu at shallow depths and over many 100s of metres of intercepts we would be either bought out, Joint Ventured, or already planning mining by now..... and we are none of these I am afraid!
The drilling has to be allowed to happen in a systematic and not random 5 hole manner. Commercially minable volumes assessed, an MRE sort out, upgraded. Later a PFS etc etc. Mining takes time, years.
Sure along the way, and IF the prospects pan out, we may get a leg up via a partner for JV. Or even get an offer etc.
Because, as you are well aware the other alternative will be large scale share issues and dilution to fund any actual mine.
But, but, all that relies on presenting the formal data to the market. Not the hopes and assumptions that we have currently based on tit bits of promising info.
That's why they are drilling, or are now a lot closer to it.
In the meantime by all means people will punt on it delivering what to date ROCK has singularly failed to do... a properly commercial and viable mining opportunity.
But please, don't treat us all as naive by saying its all done and dusted each day. It's far from that just now as you should know.