summary and could be wrong, please always DYOR
- Cash in hand $133M and monthly burning rate around $5M; 57km drilled up to now and plans to complete 80-90kms before Xmas.
- 7 rigs in site now and 2 additional rigs mobilizing to site this week:
- 4 rigs in TA1 including 1RC and 2DD for extension drilling and 1DD for infilling drilling;
- 3DD rigs in TA 3;
- TA2: 29 holes completed with initial discouraged results probably raising by peg intruded into a harder dolerite rather than mafic rocks which was picked up again from NE end and the company planned to keep drilling sometime early next year.
- TA3: extension strike is about 1500m long and spt contents are pretty high from visual results of core.
- The initial mets result was forced to release due to the cleansing note to be released; the company and mets consultants are in good confidence to lower the Fe contents to below 1%.
- The offer announced by AZS from SQM is only one of them ?
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