Burn rate of $1.5m for the qtr, and $16.67m in bank, so at present burn rate there is plenty of money for further exploration.
What I would like to hear from EUC is how they plan to mine these narrow veins of high to very high grade mineralization. At some point they need to start thinking about a scoping study, already with the grades they are beginning to report it would appear that the Co & Ni are there, of course volume/tons are needed.
I understand that they are really just beginning to get things moving at Joremeny, but I would like to know what managements' thinking is on this matter. The grades just reported are impressive.
View attachment 1351185Multiple batches of assay results are pending. I would anticipate that from here on we should be getting a steady stream of drilling updates, if the grades continue to be as good as above EUC be a good story, despite a 2018 in which we have seen all junior cobalts and lithiums get smashed .
