- For the copper project after an initial sampling we staked (not acquired) more land and then a second sampling showed a continuous high grade, next steps as announced is geophysics and drilling. - For the Tin we are already drilling and have had some pretty decent results so far AND we already have an offtake with PRE-PAYMENT option.
We are drilling already on some projects, while on others we need to make sure the samples return favorable results. There is no point in spending money to drill when samples are not promising at all, just a waste and thats what most companies do, raise and drill and drill. In our case management have dropped some projects that were not favorable, unlike some companies that just hold on to weak projects and waste the company's money, while raising more to fund their lifestyle company.
Most labs were backlogged, but it seems now things are moving ahead.
Though I am not sure why nothing started on the Lithium yet, perhaps Ya Hua wanted to finalise the agreement first before we start drilling?
EVR Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
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