- 19 February 2016
Something just does not seem right. Continually lower capital raisings for supposedly one of the highest-grade resources in the world. 4.3 cents closed on Friday. It's so difficult to invest in ones like this where the composition of the board is more important that what is in the ground. Why isn't there a single tonne outside inferred classification? Why did First mining farm it out? Why aren't AUT doing flowthrough shares to Canadian investors? Not major issues but just little thoughts that stick in my head.CR at a decent discount just prior to an updated MRE? Hmmmm.
I’m sophisticated so looking forward to my 5c shares.
I‘ve got a feeling these guys are mining the market until someone makes an offer.
View attachment 152483
Previous estimates of pickle crow assumed a minimum mining width of 1m and had a grade of around the mid 3 g/t range. I find it rather interesting that an ASX company picks up a 100-year-old Canadian mine and nearly triples the grade in 2 years... I guess that's just how good this team are .
Ontario Mineral Inventory Record MDI52O09SE00007: Pickle Crow Mine, Howell Vein, Tarp Lake C,H,19
I know this data is 60+ years old but not a good trend with depth, and I also don't think it's very good how hard I've had to look to find even basic information on the width, ounces by depth etc. etc. of this/these orebodies.