No imminent drill news is pending, two rigs on extension drilling were still going 2 weeks ago, Assays take a month, factor in they want to close the financing first, mid to late October is tb expected for next assays IMO.
The SFR deal adds another intriguing layer to the whole game, the equity in ADT is peanuts in their overall $$ needs for Matsa, but could be a smart move of any suitors to approach Karl to take it off his hands. All speculation and the 'delay' (cough cough) in the imminent financing gets the minds wondering of course.
SFR placement tb closed by Monday, we will see if the interest is there to fill the whole book.
Ann: Vares Silver Project Definitive Feasibility Study, page-181
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