I think you're on the money JD as regards the strategy and a roadmap to commercialise the whole project.
What we need is a commercial MRE / then PFS that sets a breakeven cost for the whole concept, via the shallow mine in Limon. That number needs to be more manageable than the prohibitive cost of a deep epithermal in the current high cost of capital / low risk environment we are currently experiencing.
That boosts the SP and sets an investment cost for someone to buy into / acquire STM and build the thing and expand the footprint as they see fit and based on their balance sheet and resources.
No way STM are going to gear up and build the thing!
We just need to intersect the rest of the rich vein from 026 which set us alight with 185m @ 2.85g/t and up to 12.93g/t
bring it on!
AIMOHO
Wazz
STM Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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