In my view the short term risk are pretty significant. I would not be surprised if our project was delayed by a year or two. I see similar problems with other companies with good projects: at lest on the paper. As an example, one I have mentioned before, WWI with a 4.28-million-ounce JORC mineral resource at 4.58 g/t gold and uranium project which is heavily discounted due to current market condition.
Yes, looking at the gold price over the long time it goes up, but in the past gold always used to go up when the economy struggled and its not happening now, which make me think; if it fails to be safe heaven during the current crises it might goes down significantly when economy improves. In theory it might loose its role as very safe investment for recession.
Hopefully the drilling from EP shows significant copper resources, otherwise we might be in a slight trouble. As you know demand for copper if high when the economy is thriving, and thats not a case now ( its predicted that there is surplus of copper until 2026) so the drilling results must be really good to attract serious investors.
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