GroundZero - Sooner than later I hope. It is important that they get it out there as soon as possible as there has to be some strong company promotion over the next six months leading up to the bFS. It would be pointless going to the market for equity funding with the share price hovering in the 6 cent range. Absolutely unacceptable dilution to all the long time loyal holders (which more importantly includes current Directors and ex Directors).
I see the Scoping Study as a bigger promotional tool than the BFS. The Scoping Study will create the "initial excitement" for the broader mining investors and will drive the share price up while the BFS icing on the cake but will be directed more towards the debt funding institutions.
GZ I cant give you an answer as to when it will be as I have no idea of the specific time line or the exact complexity of the metallurgy work being done for TTR. However, it has been said that they don't have to "reinvent the wheel" as they have come across a Mining Company who had a similar polymetalic deposit and found a very cost effective way of producing very saleable concentrates of Lead or Zinc. This insinuates to me that we are looking at weeks rather than months.
As for 6.1c low today, I think the 6 to 7cent range it where it belongs and will stay for the moment (unless we see a big move for gold &/or copper). There have still been a number of very consistent accumulators picking up some good volume over recent weeks grabbing everything the sellers have had to offer (and happy to pay up to 6.8 cents if it was a good parcel).
Without having the Scoping Study hot on the heals of the recent Kundip news which saw the sharp spike to 9 cents it is no wonder the share price has retreated. However, you can't dismiss the logic of TTR wanting to hold back the Scoping Study release to include the Trilogy metallurgy work which will add $$$$'s to the bottom line and extend mine life. Unfortunately patience is still needed.
GroundZero - Sooner than later I hope. It is important that they...
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