Logically this drilling will be part of work done. Exploration of the large LC system is still early days.
Understand the frustration but it remains a v hard market. Which other juniors have done such deals?
Bearing in mind too the Company faced ongoing costs to keep the asset in “good order”.
Assuming the world keeps generally growing, needs it copper, then even 30% of LC with a DFS, to decision to mine point, could still be a valuable asset,. Versus ongoing dilution to fund it now?
On the bright side Colombia offers great potential, a much better commodity, apparently good ground, and tech ability to exploit it
Ann: Funding of up to US$45 million for Los Calatos-MNC.AX, page-27
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