I would suggest very few activities are occuring on site beyond more of the same.
They went into capital preservation mode after fukushima. Their core focus as I understood it was
1) JV partner or equivalent
2) DFS & model refinement
3) Mining license
That order might not be quite right but I think what it comes down to is they think they have enough for a mine.
Exploration wouldnt add much unless they happen to find a very high grade deposit. Having more of the same lowish grades would not help them fund the mine.
Spending your last millions chasing a deposit which may not exist could result in the company being wound up or being forced into a cap raising at bargain basement prices.
Thats why I believe they went into capital preservation mode. To try and hang on for long enough to do the next CR or to seal a JV/buyout.
I wont be jumping in until the CR is done or something material changes.
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Last
$3.03 |
Change
-0.040(1.30%) |
Mkt cap ! $532.5M |
Open | High | Low | Value | Volume |
$3.02 | $3.12 | $2.98 | $4.004M | 1.322M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 516 | $3.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.05 | 700 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 516 | 3.020 |
5 | 7265 | 3.010 |
1 | 6898 | 3.000 |
4 | 14864 | 2.980 |
2 | 3400 | 2.970 |
Price($) | Vol. | No. |
---|---|---|
3.050 | 700 | 1 |
3.080 | 4918 | 1 |
3.100 | 3000 | 1 |
3.120 | 2000 | 1 |
3.140 | 3000 | 1 |
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