Nothing happens with this company “quickly”. If it takes 6-8 months to assay and report a few bags of sand, how can they be trusted to process lots of bags of sand every day. Phase 2 just ticked over 5 MONTHS. Phase 2 was announced as complete on 19 December LAST YEAR! Big money won’t play in this sandpit until management can be trusted with developing at pace. That’s why it’s capped so low. The opportunity cost is too high to wait over 12 months to assay a tiny part of the tenement with an auger! I won’t be allocating another dollar to this value trap until management prove this. The only saving grace is they have very good cost control while we wait and wait and wait. It’s the giant elephant in the room and management are deploying a “shhh no one will notice” approach. No more blind faith, prove you can do things at a half decent pace first. It’s a hold from me.
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