It will be interesting to see how the share price behaves when we do finally see some drilling results. It doesn’t appear to me that the risks with Elan are so much at the resource estimation / definition stage (ie: I think its widely expected we'll see some very promising results).
But instead the risks to the project are further down the line – as per Riversdale is currently experiencing:
https://calgaryherald.com/business/...-reviving-historic-industry-in-crowsnest-pass
It will be interesting to see how the share price behaves when...
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