"and BLR scoping report will be due with the flip into a Bankable Feasibility study."
the inferred category of the resources indicates a significant amount of drilling will be required before a Bankable Feasibility study can commence - obviously any bank will need a degree of de-risking before they will commit to finance.
The depth and the style of mining indicated (underground) is going to be a higher-risk project - therefore a significant quantity of drilling is going to be required.
The good news is BLR have 4 rigs going hammer and tongs - Im hoping that a positive scoping study will initiate 4 more will be committed.
BLR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
