Most developments in the past 6 months are positive for the project;
- better certainty around resource
- additional drilling identified better grades earlier in the mine plan
- larger resource extending minelife
- a sniff of Cu and Au coupled with Pb and Ag
- should lead to improving NPV
Building an excellent base.
However, the time taken to receive all assays from the recent drilling program is unacceptable and the lack of clarity on when the project is expected to reach financial close and commence construction is also not ideal.
I assume (by reading between the lines) that we are waiting for a new resource estimate, a new mine plan, an updated valuation and a decision to proceed with construction. These should occur concurrently.
Can anyone assist with a view as to when this milestone/update is expected?
Also, not impressed with the lack of specificity behind the comment "production expected in 2022"
Too cute for my liking, should be at least "... planning for plant commissioning in Q3, 2022 and nameplate production capacity 6 months later" (note this is an example only)
GLTA
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