Good summary in part, but since the prospectus date, there was increased risk associated with getting funding during low commodity prices, lead was under $2000usd and silver around $20usd most of that time. Now it’s around $2200usd and almost $27usd respectively. Today is a whole new ball game! Adding to your point that the only news to come is offtake and funding in the current quarter, well we know that is wrong. You just have to read the capital raise announcement to see that there will be a stage VIII drill program to test these additional targets and likely extend the mine life and add to the resource. This de risks things further. As your own point says, a longer mine life is better for financing. There is also the FEED study news imminent. So there is plenty on the radar. Although I would have preferred less of a discount and a raise around 13c plus, I will still be taking up my full subscription in the raise. It is a no brainer from 10c and should reverse quite quickly with all the newsflow ahead of us. As a bit of a negative point, I do think that management are running out of chances with announcing offtakes though. If they say they will announce one this quarter then it better happen because shareholders have been hearing about this for over a year now. The current commodity prices right now provides them with a solid basis to get this over the line. That is why I believe them this time around. An offtake announcement would change everything. It would bring a ton of confidence back Imo and could easily reverse the share price to 50c because the market will realise finance will be incredibly close. A great time to be taking a position imo.
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