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clock Created with Sketch. 12/05/25
13:18
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Originally posted by goldnova1:
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guess we have to wait a couple days to see how how many from the raise sell to market at a profit and how the market reacts to the raise. current action seems like it was somewhat well received but its been an hour since open just the obvious positive that there was no at market price dumps from soph's straight away which often occurs when there's little confidence in future direction. a little bonus is the underground loader purchase was march 19th with an 8 week lead time, the jumbo was purchased beforehand in later February meaning we could have them both on site by next week (being optimistic of course). once those two pieces of equipment are on site i imagine things will progress quite quickly DYOR. in the video linked above RJ states they are getting ready to lay the electrical wiring to install the fans and machinery needed. once they are in production any further gold added to the resource should be valued at a higher rate than pre production companies and will make our drill rig and any potential results all that much better. I would also like to point out that they are drilling from 200metres underground as apposed to from the surface saving significantly on future exploration as every metre drilled costs the company money, and from my understanding they save 200 metres per hole from being that far down already.
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RJ was sloshing around in water, they need to start the pumps and get rid of the water first.
(20min delay)