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Re: SeaBlue post# 15141

Wednesday, 03/31/2021 4:29:50 AM

Wednesday, March 31, 2021 4:29:50 AM

Post# of 19252
Seablue, the information you posted on this board I learned much more than the boring 45 minutes Clarke spent talking about the geological aspects of the property. I don't know if Dan/management understand that everything Clarke said IMO showed how they got hosed in this deal. We all remember how Shorrocks bragged about getting the property because our management couldn't handle what was on their plate.

In the webinar there was no mention of a planned production date or what would it take to get the mine back into operation? THAT WAS THE MOST IMPORTANT QUESTION TO ANSWER and I didn't hear them say one thing about it.
I think I heard Dan mention something about they would be drilling for years to come and that's understandable, but can or are they capable of actually mining the property? Who knows, I didn't hear them say anything about that. All we can do is assume they can.

You had some great questions, unfortunately most of those weren't answered either. I shot about four or five questions at them and the only one he talked about at the very end was the resource estimate. IMO Clarke gave a low-ball estimate of 2 million oz. He even made the comment they wouldn't have touched the property if they thought it didn't have 2M oz. on it, so that tells me it most likely has closer to 3, maybe 3.5M oz. there. He said they've only explored 15% of the land package.
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