Nah. I think a new ore body will need to have many drill holes drilled on it before you can publish a MRE.Currently, there is only a handful of drill holes drilled on this Adina South West zone. It will take time to determine the locations of new drillholes, mobilize drill rigs, waiting for the assay, compiling assay into the MRE. And because they previously promise that they would deliver the second MRE in the first half of 2024, so they will have to honor their promise without factoring in the MRE of the Adina South West zone.
Having said that, I think Winsome is capable to deliver a third MRE in the second half of 2024, and they might surprise us regarding the timeline. Remember previously they said they plan to issue the maiden MRE in 2024, but they did it in late 2023. Very few mining companies can over-deliver, and this is why I like about this management!
This Chris Evans is our Capitan Australia lol.
Ann: Adina Mineral Resource increases 33%, page-118
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