They have received more updates on the geology layout. They are starting to work this out.
They already have interest from offtake/pre-pay/Capex financing.
The Blackcat feed back on the Canga would be interesting. They have 10s/km of the stuff. Looks like 50-60%FE. They can upgrade that to a DSO product by the sounds of things. 6 rigs spinning. This thing is on full speed with interests from trading houses, mining companies, barge operators and mining contractors.
I think these guys will get a resource target out of this program and go for offtake and partners this year. Flanno isnt wasting time. This is super cheap at $40m market cap. If he pulls off the offtake/partner, this should multi from these levels. dyor
Ann: Market Update Presentation, page-4
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