“In Cuba, which is the primary focus for the Company going forward, the resource statement is particularly encouraging as McDaniel has significant Cuban experience through certifying reserves for TSX listed Sherritt International. The results from the report broadly confirm the Company’s prior estimate of the mid-case prospective resources and the geological risks, whilst tightening the resource range. In our opinion this analysis improves the likelihood of an economic discovery.
Technical work de-risking the primary Alameda and Zapato prospects, ahead of a possible two well drilling campaign in 2019, is ongoing. The Company is currently engaged in a farm-out process to fund this programme, which we believe has huge upside potential and could be one of the stand-out exploration programmes globally.”
MAY Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
