My guess is that it was the ‘silver stream funding’ part of the research document. To presume you can presell the silver upfront for $30m is a big presumption. On top of that the document also presumed a open pit mine which again is a bit of a stretch as there’s no approvals or recent history of open pit mining of the deposit.
Anyways, I really don’t expect much from this BoD. My guess is they’ll just shuffle paper around their desks until the bank account runs dry, leaving shareholders with sweet FA. Just my guess/opinion.
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