Ann: Estelle Strategic Review Outcomes, page-46

"So which is it for early cashflow? Antimony? RPM starter? Korbel smaller scale sorting, then heap leach later?"

Precisely! They need to make a decision and work hard to make it happen. 2024 needs to be the year in which we nail down an approach or we could end up staying an explorer for the next 10 years.

Korbel; if no interest to fund a small heap leach mine or sorter operation, can it until we can self fund it.

RPM; seems no funding until we can prove up a decent resource, is 800koz's to 1Moz's M&I required? Then drill this ASAP and stop messing around. They will know what's required to get funding for RPM only.

Other prospects; forget them as far as drilling goes, they are just a distraction. With the proviso, RPM may require another close by deposit to de-risk for funding. If that's required then so be it.

Antimony and CM's; purely a sideshow IMO, time and resources need to be well managed as to not detract from the main RPM game. If they happen to get a grant, great. But don't pull rigs that are drilling to get RPM to a fundable level.


If we end up with 4 rigs drilling part time at different sites then there's no way they will be mining this decade. They have already proven how distracted they can get, and they are walking a tight rope for the next couple of years.