Met with Stewart this morning and received a November Investor Presentation. He was ok with me giving a summary of our meeting.
He was very upbeat and his focus is on progressing the work plan that was on page 9 of the latest quarterly. There is a little slippage in the last two deliverables - JORC Resource and Mine Re-start study, but the rest has been essentially completed. They have bought a small electric drill (p20 of presentation) that can drill to 25 metres and is perfect for underground drilling, it was cheap to buy and is cheap to run.
He said current zinc price will allow for very profitable operation subject to a successful mine re-start concept study.
VAR Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
