Maiden Jorc 2012 Resource

The Toral license has been extended. The JORC 2012 appears to be on target for year end.

I believe it’s logical to believe that the JORC 2012 will be better than the NI 43-101 resource estimate given the statements in the recent pro-active video. Just an opinion which I am backing with £.

In addition, and reading between the lines, there is a root and branch review of company costs. This is important because dilution without having cut costs is not the way to go!

It’s now all about prioritisation, solid focus on the key asset in Toral and strong execution. If the cost does not support focus on the Toral asset in terms of commercials or regulatory requirements then ditch it.

A great recovery play IMO.


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