On page 10 of the presso headed "Use of Funds" they have a 6 month timeline for Phase 1 work comprising
"geological data interpretation and modeling, permitting, drilling planning and first phase of metallurgical test work"
and then a 12 month timeline for Phase 2 comprising "drilling and assays, second phase of metallurgical test work"
Does this mean that they don't expect to do any drilling at the Utah project for at least 6 months? This would allow the work to be partly funded by the exercise of the options which expire on 13th July but in the meantime the news flow will mainly be about the results of the RC drilling at the Ajana graphite project so maybe that's where we should direct our attention?
Cheers
On page 10 of the presso headed "Use of Funds" they have a 6...
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