Matter of Perspective

Hi All

Having read most all AYR commentary it’s clear that there “is reason for enthusiasm” relative to our successful neighbour, albeit I’ve seen decades of reports of similar tone, and yet there’s near nothing that one may truly “hang your hat on.
So put simply, we must develop a “great range of excellent drill results”.

Meaning; until the next field trip pinpoints drill targets, then our company raises funds enough to drill “extensively”, then hit many a significant grade of Co, Au and Cu then it’s mainly conjecture nearology and just hopeful gut optimism, that will reign for now.

The opportunities may be potentially great or at least good, however as some have espoused there’s a very strong case for a share reconstruction now say 1 for 10, to make the dilution upon a successful find, far less of an issue.

Raising money now or soon with additional shares is likely to be tough, almost pointless...
even if we prove a JORC resource, say a great find, we’ve still got just minimal cents not any dollars to bank.

The legacy of simply printing shares over many years to pay execs and drill at Horse Well, Warmblood, Filly, Bronco etc has come home to roost.

Sadly early gold drill work didn’t get us re-rated to the required “miner category” so there's little choice but to soon reconstruct, as the alternative to invite a big JV partner in now, would be very dilutive anyway, and they “steal it” away.

As a very long term shareholder I’m resigned to still bottom drawer my holding.
One can pray that a mega valuable find, may eventually put us back on track, to being worthy of a far better level of broader market recognition.

Anyone expecting big things tomorrow is sucked in without solid hard facts, proof of pudding is in drill results, broad spread, with wide high grades, as such they shall hopefully be, shallow enough, to be economically mineable.
Sarg