My confidence level has been about the same for a few years now. Obviously last week rocked that a bit, seeing the massive market reaction to what were fundamentally results that were to be expected.
The Copper is high grade at antler, the question is whether it is enough to fulfill NWC's desire to take this right through to production.
As was said on the forum last week, you need to ask why a company with a high-grade copper resource, good access and Utilites/facilities/location to build the mine, money in the bank and plenty of drilling happening is getting demolished in a Copper bull market.
Is the drilling a play to firm up the tonnage in the event Antler doesn't come through enough or is it just exploring favorable locations because they are an exploration company?
The conversation I had with Mike was about the methodology and thinking behind the business decisions to communicate and market the way they do, releasing huge volumes of info and multiple announcements on one day as opposed to regularly.
Presuming the other party to the conversation (Mike) is ok with it, I'm happy to copy/past the email here and you can see for yourselves.
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- Ann: Recent Drilling Intersects High-Grade Copper
Ann: Recent Drilling Intersects High-Grade Copper, page-60
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