Separately I think the delay in financing is due to mangement wanting to find out how much gold they have to commit to a streaming deal. This means first analysing the core samples they have for gold and Ag. Then plotting that and working out in general how easily that can work accessing that into their PFS design now moving to DFS.
I don't think they'll do that work fully, I think they will make a call on which way to go. They have already made some sort of call by raising capital at 2c to give them the luxury of making that streaming decision in their own time.
I don't like it but tend not to second guess management on financing, in particular. Since they're the ones with the offers on their desks with conditions attached. At least the SP has moved up say 25% since the raise. Hopefully, the parties who got the equity will fully support the proper financing decision if indeed any future equity is to be raised. I believe there will be some for us small fry.
All IMVHO.
NWC Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
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