Is that supposed to make me worry? I’ve done my homework. And for what it’s worth, that resource upgrade to indicated is weeks away at most (drilling already complete).
The project will be roughly 10 times the size of Big Sandy whilst at a cutoff grade of 1750, not 800 ppm.
If they were to use a cutoff grade of 1000ppm it would be >50 times the current size of big sandy.
And it’s ~10km away from Thacker Pass, and in the same basin.
Yet HWK and JRL market caps are similar. Go figure. I’m happy with where I’ve got my dough.
Ann: Trading Halt, page-61
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