June 26, 2019 Montero.
Cheetah will initially fund a CDN $500,000 development program over 6 mths. to complete a legal and technical due diligence of the I.P.
Wigu Hill, imo, this will be fast tracked by the VML/Shenghe collaboration....equals less $$, less time, less where to send it problems and not having to hire people to fix FN relationships. (ridiculous it has got to that)
I think Cheetah/Nechalacho/Saskatoon has taken approx. 4yrs... not to mention the $$ spent.
VML/Shenghe are waiting on the Montero/Wigu Hill decision...notice VML are doing study after study, no drilling so far in 2024 or any mention of who will doing it...or in 2025. Nahanni, Foraco etc. There is a bit going on behind the scenes at VML. I think the easiest one to spot is no FN's mentioned in the ann's. Permits will be needed for Nechalacho 2025 onwards. !! In our last permit application I only saw 2 letters of support..Blanchford Lodge and Hay River Council..I didn't see any others emailed to Connelly.
Of course there is alot more to it, however,
I can see another VML pivot coming. gltah
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