let's remember that there has been close to 40000m drilled across the Rana and Ranbogan areas historically . The geophysics was not compelling at all. The results showed small pockets of and areas of resitivity and plates. Nickle is cooked and Rana now IMO leans more to a Tax write off and liability more than a potential discovery.
Pennikat has potential. But I think the company is still being optimistic about the timelines. Any objections could see litigations go past Dec 2025 that's realistic. And it could end up being rolled back. Ok so thevve submitted 450 drill pads. Let's see if they can get 4500m drilled there in 5 years?
Yeah I'm steamy and I have good reason to be.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-44
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