The scoping study may be based on a mine life of 6-7 years but there is no way that the actual mine life will be only 6-7 years. They have a huge area of prospective land to drill and there is almost zero chance that they won't find more ore before the existing reserves are depleted.
It is 100% the right call to get started with mine development now rather than wait another few years until we have a bigger resource.
With respect to the delay with the scoping study, remember that this is being carried out by an external consultant so Tim doesn't have control over the completion date.
ESS Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
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