EXR 9.09% 12.0¢ elixir energy limited

The two or so years that I have been a SH, I have always thought...

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    The two or so years that I have been a SH, I have always thought the Announcements have tended to be worded more on the conservative side glass half empty than full and would of preferred a far more bullish rhetoric

    Just need to remember this is Mongolia not the Eastern Goldfields in WA, half a dozen rigs along with the analysing equipment, qualified staff etc needed would be a far stretch I reckon, not just a matter of drilling the core throwing it in a tray then send to the lab, far more to it I think, far more difficult with covid if the rigs, qualified staff and test equipment are not in country, not like there has been a lot of CSG drilling done in the past in Mongolia.
    Mongolia is not a Tier 1 mining jurisdiction at the moment, so equipment staff etc are not just laying around ready to be mobilised at a drop of a hat maybe in the future so I think we need to back off our expectations of multiple drill bits turning all at once I can't see it happening for a year or two at least, just be satisfied that we have two turning at the moment.

    Cheers BK14

 
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