Sorby Hills as it is right now, is a fantastic resource which is getting closer to mining at every step.
Management must be very confident of proving up an even bigger resource with the phase III drilling, other wise why would they waste money doing this further drilling.
The consultants will want their cheque before they hand over the updated PFS and then starting on the DFS, so I can understand PMY need the money for that, but the phase III drilling has every chance of turning Sorby into an absolute Blue Ribbon resource possibly worth billions.
Ann: Pacifico Secures $4.6M & Will Complete More Drilling in 2019, page-8
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