Friday, February 27, 2015 11:59:14 AM
Am I right again? We will see but like a working clock set to the wrong time the Jan/Feb estimation was just plain wrong.
But lets look at why I was right and not just try to brush it off as a lucky guess.
The company decided they wanted a resource estimate.
The company decided to drill holes for twinning
The company drilled the holes
The company located them in the wrong place.
The resource estimate failed.
Now I would have never guessed that they would locate the holes wrong. But I was willing to bet that SOMETHING would go wrong.
Why was I so sure that something would go wrong?
Simple...
A 43-101 that had to be retracted
A ST spin out that never happened
The HKHE deal that evaporated
The SOE report that we "were entitled to"
And many other fails that we have all heard before.
Now let me ask you something...
Who located the holes in the wrong place?? the issue was unforseen only because the person locating the holes didnt look before pointing or it would have been seen.
It is always a good idea to double check before spending a fortune drilling in the wrong place.
Following that why would you have RPA locate your holes when they are not the person who needs to sign the 43-101?
If you were the person signing my 43-101 I would not just have someone else locate the holes. I would come to you and say.... Show me where you need me to drill to make our resource compliant.
Then I would drill there.
If RPA needs other holes drilled for a resource estimate I would drill their holes too.
Then I would get a resource and the guy would sign the 43-101 and the PPS of SRSR would be .15+
I would then spin out niostar with a PPS over $5
I would not be a penny stock anymore and I would begin looking for real financing. Find the financing and the PPS will climb again.
By the time I actually started mining I would have a $10 PPS
Tell me...... what is a logical reason to list niostar without a resource?
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