It is effectively a gold stock as it already has a large resource: 860koz @ 1.2gt Au open pittable is already likely feasible to develop. Study or not. But maybe you are right. Maybe it will just be exploration, exploration and development is not really on the cards.
If they cannot even get their licence renewed in 8 months and the next about to expire also.... what chance of ever getting a mining permit anyway?
Loyalty Options, page-5
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