I must say I'm generally not a big fan of juniors with multiple projects. I prefer to see them focus their efforts on progressing one good asset. One good asset with a clear and credible pathway forward is all it takes. As we all know, the percentage of juniors making it to producer is minuscule.
Having said that, a DSO project with low capex might have a chance of going forward if it stacks up. There's projects out there with completed feasibility studies demonstrating theoretically viable projects with positive economics, and yet they're going nowhere because they can't attract funding in the order of 100-200 million USD. A low capex DSO project could be just what this company needs.
Ann: Acquisition of DSO Nickel Laterite Project and Financing, page-93
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