RFR 0.00% 3.7¢ rafaella resources ltd.

Ann: FLTEM Defines Midrim High Priority Drill Target, page-13

  1. 3,927 Posts.
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    ^^What he said above.

    Also that production schedule was based on having the JORC done before Q2. That's slightly delayed which meant likely the DFS is also. So even on the above schedule Q4 was likely.

    Add to that, then that production doesn't occur without finance. Which is you've review previous timelines has also slipped with development so i factored more slip as that's typically how these things work.

    My mantra has always been to think and view stocks, timelines, revenues relatively conservatively and if the investment case makes sense you can be surprised on the upside.

    Frankly I would care if production was even Q2 next year. 12 months to go from pretty much PFS to production is quite short. If they get it in Q1 it means everything goes to plan from here and timelines met.

    SF2TH
 
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