I think the drilling POST BFS can be explained, but it still seems strange, as it felt like the BFS has been sold as "Okay, we've been sitting on Nintha for years with slow progress, and PFS is old an outdated, but the BFS will be completely comprehensive to the point if being ready to 'take it to the bank' for funding".. Isn't that the point of calling it a BFS instead of the standard DFS?
A lot of explorers create a DFS (BFS) with ground still to be explored, or open at depth where there is scope to upgrade the resource size and mine life down the line.. So drilling after a BFS is released isn't crazy,,,, but before the BFS is even released, already adding an adendum that kind of reads like "BFS will be updated after future drilling is complete", it does add a bit of confusion.. To some people it could sound like they are going to release the BFS soon because the market would go crazy if they extended it 6 more Months to include a whole new round of drilling... But it also sounds like a BFS that is sold as definitive take it to the bank numbers, probably should be including these drill results?
I don't know, I just feel like Vince has added an extra layer of confusion, and also post BFS the focus should be on Financing which I would think all holders would be expecting. But does this mean BFS comes out, and Vince goes back to the lab, drilling and playing with metrics for another 6 to 12 Months, with a promised "Updated BFS" with even better numbers... Do people want to fund that for another year?
AVL Price at posting:
2.3¢ Sentiment: Hold Disclosure: Not Held
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