Just had a listen to the replay of yesterdays discussion / question time.
Points of interest $6m in the bank to obtain a strategic partner (no firm time frame on this provided). Should they not be successful in a favorable outcome for shareholders they will go it alone.
Currently planned drilling ready to go (unfunded):
- El Palmar 8k-10km of immediate drilling to bring into resource (note if they get a good hand they may look to extend drilling to a strategic step out and deeper drilling of T2 & T3 Porphyry to fast track the discovery for a major player).
- Limon - planned drilling ready to go for Limon
My estimate to do the the immediate drilling at both (pure stab in the dark) is $8 - $10m. I have based this on $400USD per meter which is approx. $6m for El Palmer and just an estimate $4m for Limon as the number of meters was not provided by Mal.
Happy to be corrected by some one with better mining IQ re $400USD per meter ?
Interesting times ahead, just need PD to work his magic with the big boys and land a good deal as previously mentioned by others.
Good luck all.
STM Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)