Nearly every hole they have drilled at Fiesta has been above .05% and as Bruce has stated high grade resources are getting harder and harder to find so for me this is all good. A lot of deposits have AISC’s of less than $6000 pt depending on its location and with copper prices at $10k I can’t see S32 not chomping at the bit and walking away. Most production plants are high cost to build but copper will likely continue to climb, I’m just about to fill in and mail my voting form and unfortunately I’m voting no to some of the resolutions as until I see an uptick on work ethic and an ascending SP I can’t see giving 20% of the company or close to away is justifiable in anyone’s language. The next two holes if positive I’m expecting some sort of estimate or goal regarding the Fiesta MRE, other than that I’m still cautious of Victor’s agendas.
NRX Price at posting:
1.3¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)