You make some good points, JP, but others demonstrate a little misunderstanding.
For instance:
They say that they have sent the core to the lab to check for 'diamonds and indicator minerals' you and everyone else is assuming that this means that they have Kimberlite. If they have Kimberlite -they probably would have said so -my understanding is that a geophysicist can recognize Kimberlite visually.
Yes, it can be recignized visually, but not always. Accordingly, you cannot issue a PR saying so until you have it on good authority. Remember Cartaway? Major fiasco, right?
Likewise, I am told that exchange rules state they cannot say they have "a pipe" until they intersect kimberlite twice, with two different drill holes, one of which must be on an angle.
If you recall, the release mentioned that they drilled two holes on each target, and it further states (in a trigometric way) that these holes where drilled on an angle. I think they may have done this for this reason.
Why, then, are people selling?
People bought hoping to catch a good PR; now they need the money to fix the kids' teeth! |
