Yes, very much copy and paste, some positives are that the company stated they have submitted, 'Works Approval application to the Department of Water and Environmental Regulation for the construction of up to a 1.5Mtpa gold Processing Plant and Tailings Storage Facility.' in process however only months away for approval. 'At Mt Ida, Delta continues advancing the Gold Project towards genuine standalone scale.' So, IMO direction is implied. Gold first and start bringing in the money. MRE on gold June quarter, with further pending drilling results.
My feeling is some pieces slowly coming together, company confidence growing in the gold resource, will take time to see motion but a confirmed announcement on direction once MRE's are in on the gold and we are away. We have the dough and that's a big positive, no 'further dilution' to enable things to happen. Lithium shortage speculated by 2026 and we may be on a double ride to SP growth.
Being patient (no choice) and let us hope gold maintains price when we start shoveling the ground.
Bloody hurry up!
DLI Price at posting:
15.8¢ Sentiment: Buy Disclosure: Held
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