The other strategic value of Coda being located adjacent to Bemisa is the potential for M&A action.
The largest shareholder in Bemisa is Opportunity (https://www.opportunity.com.br/) with $8bn AUM. Should ENV replicate the results within Coda as Bemisa have in their Bambui project, It could lead to Bemisa (Opportunity) interest in ENV.
We don't even need hundreds of holes to prove up the concept. Geological mapping and several holes into Saprolites with positive results should provide an ample indication that we're dealing with potentially another Bambui.
Ann: Drilling update & Extensive Saprolite Clays at Pocos, page-159
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