BH in his recent discussion with Proactive said processing is “really easy …”. They are working with others to make it easier.
The only issue is product pricing which I’m sure the Chinese control and can determine the viability of development.
The importance of a partner either in construction/operation and customer cannot be overstated. It’s everything for minnows like OD6.
Another 6 to 18 months of drilling what they know is there appears to be overkill to me. No money to do that for 18 months. Need to take steps to prove viability and seek real funds for studies, approvals and future development. $3 mil won’t cut the mustard and raising more funds at 15 cents is madness.
GLAH
OD6 Price at posting:
22.0¢ Sentiment: None Disclosure: Held
