Great quarterly! All our projects are summed up well, a lot is going on, management is very busy on multiple fronts.
They explained that lab turnaround times have blown out to around 2 months, which has a flow on effect on everything else in the exploration cycle. Probably the reason why we didn't get more of those announcements released that were due last quarter. The positive is that this quarter there will be PLENTY of news coming up.
Lots of cash was spent on exploration during the quarter, only around 1 quarter of funding left, but we have to add in the next toll mining cash too, which should give us almost another quarter. Luckily, we also have approx. $10mil in investments, so if management gets low in the kitty before this share price rises, (which I think is unlikely), at least we have that backup and we can always sell some of those investments to avoid shareholder dilution at these low prices. IMO this share price turnaround is very close! We have been under the radar for too long now and the precious metals sentiment is on the cusp of a major transition.
This is a great long term hold as we develop into a producer and there are plenty of fingers in the pie which de-risks us in case of any future downturns in any commodities, for example if battery metals take a hit in the next few years, we have the gold and silver to make bank on. Visa versa. If all commodities stay strong then we will have no dramas at all and could end up being a major player in the coming years. A great time to be accumulating at these low prices before the market wakes up to us IMO. Also, plenty of upcoming positive news, which will attract attention and hopefully some big fish and institutions to the stock.
