TODAY'S DISCOVERY, TOMORROW'S FUTURE

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Message: Management

Re: Still fuming

posted on Jan 27, 2010 06:13PM

What I see is a management that focuses mainly on short term over promotion than actually work for the long term development and value; examples of statements (or info) include

1) overstatement of average widths; two years ago in a video Brian was asked and he said that the average widths were 2 to 3 meters; my own spreadsheet with reported values told me no more than 1 meter; now they state 1 to 2 meters, while spreadsheet is just below a meter if I did it correctly(have given up over the last year due to poor results)

2) the use of gram per meter instead of grams per tonne as is most common; this basically increases the grade by nearly 3 times, the GM profile and the superimposed grade numbers have to be divided by about 3 to get them in the normal grams per tonne

3) superimpose GM over the Red Lake mine, never made any sense and there was never any justification; only to create hope for better things deeper

4) Golden Gate, big promotion and stayed on the website for months and months; but it was a dud; It would have taken no more than 3 weeks to grab a few samples and send them to SGS Lakefield in Peterbourough and you got the results. I send samples to them a couple of times a year, and I never waited more than 3 weeks; if willing to pay express you get the assays in 10 days

5) plus probably many others I am forgetting

Over the last 2 years I can't see one example where management has actually made or done anything that increased the value of the land holdings, not one thing. They have not succeeded in anything. They have spent money, talked, travelled around the world; but with absolutely nothing to show. Where is the talent for what we are paying?

The only good thing is that I still have some left over aquevite in the freezer, time to head into the basement.

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