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It would have been good to have some clarity around the drilling...

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Spec_hope

8,987 Posts.

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29/01/21

17:08

Post #: 50553225
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Originally posted by antonist: ↑

Obviously some holders are disappointed that we have no updates on Pyramid drilling, me included. And it is possible that some holders are selling on this fact, assuming no news is bad news.
However I don't really care anymore as they have already made a major discovery which is more than most explorers do. I'm invested for the PGE story and happy with that and another major discovery on one of their other projects would be welcome but not holding my breath.
If you look back at Chalice's MC of $68M prior to the Julimar discovery and considering cash and investments held at the time then what blue sky value would have been attributed to the Pyramid drilling program.Pyramid may well turn up with no significant results which does happen all the time with explorers.They will then have to decide whether to sell the project or throw more money at it. Fortunately they are well funded to run 3 concurrent drilling campaigns.

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It would have been good to have some clarity around the drilling and why 2 DC rigs take over 3 months to do 12 holes.

CHN Price at posting: $3.93 Sentiment: Buy Disclosure: Held
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Last $1.68		Change -0.040(2.33%)		Mkt cap ! $653.4M

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