The reason for the tight drill holes is, like Heisenberg63 says, to take the resource from inferred to indicated. Why do that? My understanding is that an inferred resource isn't bankable and couldn't therefore be used in a feasibility study whereas An indicated resource can be used as justification to build a mine.
Imo EL8 are basically making all the right moves to turn Koppies into a mine.
Can they do it? - i.e. do they have the expertise to build a mine. Do they want to do it? - i.e. do they want to progress to a certain point before selling Will it work? - i.e. will Upgrade work at scale?
For me; They'll get taken out if they prove Upgrade works at scale. (probably by CNNC)
EL8 Price at posting:
57.5¢ Sentiment: Buy Disclosure: Held
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