I suspect the answer to why they have chosen the revised strategy lies in the comments below, which is code for saying that potential offtake partners and financiers are not interested in a small scale start up operation. When you need their support you dance to their tune...the revised strategy also makes more sense IMO, better economics and combined with the high grades means it can cope in a lower Zinc price environment and thrive in a higher one...
“This revised strategy puts the company in a far better position to approach potential offtake partners and financiers, which will help facilitate our mine development plans."
With cash in hand at the end of Sept at $1.055 Mil and expected spend for this quarter of $1.1 Mil then raising cash is not far away but With a MC of only $11mil it can handle twice as many shares on offer and still look undervalued..I notice FARJOY are on the register and they are usually good supporters...
