The likelihood of a toll treatment deal looks strong. Perhaps Covid has dried up some previous ore supplies for the mills, and now they want the right ore and cash flow. Good timing to do a deal pre Xmas.
"However, in the interim, and in response to interest from a number of regional mills, we will be considering options to mine
and toll treat the Myhree/Boundary deposits during 2022/23."
Some people might be slightly disappointed on the Kal East deferral, but they have more than made up for it via the acquisitions and possible toll treat. This has actually bought production and cash flow forward. Coyote comes online next year as well.
BC8 will be drilling on several fronts at the same time moving forward. Just about everything is lined up to get cracking when they are ready to go.
Provides a clear pathway to sequentially restart operations in a low cost and low risk manner.
This Balagundi area might be a surprise. They have km of copper gold strike. It would be funny if that turned into something very serious.
Kal East - EIS funded Balagundi base metal drilling; Myhree grade-control drilling; Ore Reserves and engineering
studies.
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