Hmm the ppm grades @ ET in this Ann make the previous 19% Cu headline Ann @ EA look fab!
These ET assays were, as expected, disappointing and a lot of questions here will continue to be asked about the budget and planning... for good reason.
As Lock put it "The burning question is, did the people on the ground follow the planned drilling or did they go all "wild cat" and move off script on a hunch? thereby leaving no money left for all the other plans already talked about?"
Who knows whether it's a hail Mary pass by the company or not but I certainly agree with most of the posts here calling for greater fiscal management, accountability and communication.
Nevertheless, as Black Cat and Matt said, our 8 x 1 km cores are not dusters and will continue to be looked at by majors to help vector in on potential deposits (but thankfully we didn't spend more money logging the cores like a major) and, hopefully, we'll snare another JV... and avoid another CR.
Finally, we can now move onto the EA with proven copper at surface and AEVs .5 to .7 billion tonne proven phosphate resource nearby @ ET AND our 5 deposits that surround it... thank you RH.
Exploration , especially undercover exploration, is not for the faint hearted.
Let's hope 2023 is better than 2022 for all of us!
Poet
ICG Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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