From the last announcement they said it would be in the coming weeks. I would expect this within early to mid December.
Decisions for Phase 2 was expected to be in the 1st Q of 2018, but I expect the plans would be added onto the next ann.
From a mentality point of view,
Have a look at the July to November Chart of 4CE.
Again, a nearology play riding the coat tails.
For me, I was lucky to obtain some in the low 2s before they hype. The SP got oversold down due people calling BS on the tenements. I didn't sell and infact topped up in the 3.1c region. Look where it is now.
15m MC company with no tangible results as of yet.
We are almost at 10m MC company with 3.4m cash. We have tangible nuggets.
Although the material type is different, the mentality is all but too familiar.
EYM is here to stay for the long term. The pilbara region will pick up in due course. None of the news up there as of late has been negative. NOVO clearly stated due to the nuggety nature of the grounds, conventional drilling logically speaking wouldn't be ideal and went for bulk sampling.
One could argue for a correction in some of the bigger boys after their run, there was hardly a run on EYM followed by a huge oversold territory.
This is running on mentality rather than facts.
...HDY chart, page-226
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