It is very exciting and "game changer" comments i would think are not throw away lines from this management,
They have done extremely well to cut costs in a very tight environment.
It seems they have done a massive amount of geo work to find this new deposit, and hats off to the modelling they used, and remember it's only the first diamond drill hole and it's still drilling.
I am no expert but to my eye the grades are better with good Cu and cobalt credits and it seems deep.
What if further drills dilineate a bigger deposit with higher grades yet again?
This could address a major lift in reserves and when they get in there to extract one would think the Ni and Cu prices could be much higher, not to also mention an 80 cent dollar.
The cap raising looks like money well raised in my boog as PAN have funds now with ongoing cost cutting, good cashflow to boot.
This is what we have waited for guys a secure outcome.
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