Hi buddy,
This is not at all accurate in my opinion. It is based on tailings that are quickly depleted as per company announcements. By May best case they are all gone.
What is of importance is to understand what the cost would be through mining - assuming we find anything economic to mine. Hence the drilling being undertaken presently. This is in my mind a massive risk that will hopefully work out for holders for if it does not it is going to end badly.
Not sure where the company is at with replacing the ball mill, electricity and the myriad of other maintenance tasks that need to be completed and have been posted numerous times by other posters that have to happen before the plant becomes operational. Shame there was never an independent report on the status of the plant so that some transparency exists for shareholders.
Seriously disheartening watching this 14.5 cents to 15.0 cents. Offer stack and 15.0 cents seems to get bigger every day.
If as some have postulated it is the drillers selling does this mean they know something we do not?
Anyhow biscuit break over. Have a terrific day everyone.
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