Esh, does that mean all the work of Plumridge and co amounts to stuff all? They have said for years they were drilling more to understand the geology and believed it held million oz rewards. I would like to think that over this period of time they know something and cycles shareholders were not just being milked but the company was undercapitised during a market downturn.
Silvermark visited the site and was committed. New Gold must have done some DD, so have some of our Chinese shareholders. Often when big stakeholders get involved, the price gets pushed down to de-risk and some people sell on the news when it comes. Delays are usually in the hands of management and the market is in a position to take full advantage.
We could ask similar questions of PGM one of our neighbours who have a world class scandium deposit who has frustrated the buggery out of a few holders too.
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