Great presentation from Richard.
Market SP mover seems to be the MRE upgrade - Richard said to expect a large increase in tonnage and an increase in grade.
The other big take away is the high extraction rate at a low cost (low consumption of acid) which is needed to make the project economically viable. Offtake discussions will likely take place in Q4 once customer samples have been delivered. Fully funded for the remainder of the year -drilling complete, costs to drop with assays and metallurgical / sample work.
Q3 news due (likely September)
- exploration target
- MRE upgrade
- Metallurgical update
EV $4.4M
ridiculously low MC.
Is a $20M MC achievable by end of year based on a significant MRE increase?
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