Some very good updates. Key takeaways as @BrucieKibbutz mentioned, but bits that shine out to me are :
- Gillett North & Armstrong have exceeded expectations buy a huge amount - the resource re-calc is coming soon, and I'd expect it to be significant. Will put us in a completely different realm
- Currently getting the green light to pump out the water from Armstrong to get it mining ready
- I asked re the funding for mining - it will likely be by way of a cap raise/equity offering closer to the time. We still have 16.5m in the bank. (Broker estimates are for a ~25m startup cost for mining operations)
- More assay results are due soon. Backlog has decreased significantly (from a peak of over 90 days). Exploration/drilling was temporarily slowed because it was almost 'blind' without the prior results - things are back up now
Very interesting webinar - good news all round. This mine will be enormous soon. We're sitting on a big player in its infancy, and reminds me of the Pilbara minerals journey. I'm sure in 2020 people were sick of their share price sitting flat, then going down, then flat as well. Many would have jumped ship onto shiny things at the time, made $10 bucks on their choices, but lost thousands on their original position.
GLTAH. The journey continues.
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