To be fair to PL, I did question AR, about the current drilling this BOD is attempting to do now. Which is tedious, time consuming and ain’t cost effective. They should have started out with this strategy in the first place.
Anyway, AR’s reply to me at the time was they wanted to have the Mets, PFS and Jorc completed by yrs end.
To add: Personally, I would not attempt to build a plant and process the material. I would take the alternative route, to do a DSO and simplify as much as possible, whilst being cost effective at the same time.
Reason and fact being is when “CHN” was between $7 & $8 dollars, their BOD mentioned that they were going to build a plant and it would not be started until 2029. Their SP immediately collapsed to $1:15, where it is currently trading at.
I am quite sure the SH are “P”ed off on that site, considering their BOD members are very astute and on the ball at all times.
Now then, are we willing to suffer the same faith, considering we have not got of the ground as yet and this BOD is yet to establish their credibility.
I’m am quite a patient person, however it is being tested. As I said, I will wait till the end of the year to see how things progress, pan-out and will give this BOD a chance.
Especially, when PL mentioned the Mets, MRE and a lot of news etc, should follow through between now and year’s end. And we should also see a major re-rate, soon. I will hold her, to her word and hope it comes to fruition.
Please, do your own research and DD. This is not financial advice. Just an opinion.
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