I don't think this is the case. The unfortunate problem with having so many drill targets (Colina then became Colina West which then became Fogs Block which then became Fogs East). In the middle of this has been the large amount of in-fill drilling needed to produce a PEA and now a DFS. This is before you even consider the very large amount of sterilisation and geophysical work needed to get the site prepped for construction.
Even with 16 rigs, there hasn't been the capacity to also start exploring SS.
Best bang for buck right now in terms of potential share price re-rate is progress on Colina. The market will want to see management demonstrate a clear path to production and we can't do that without all of the 'boring' activity (in-fill, sterilisation and geophysics).
Perhaps we will see some meaningful exploration at Fogs and SS from May onwards?
I don't think this is the case. The unfortunate problem with...
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $616.7M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.5¢ | 21.0¢ | $734.3K | 3.352M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 150015 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 476284 | 13 |
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| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
22.5¢ |
Change
-0.005 ( 4.60 %) |
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| Open | High | Low | Volume | ||
| 21.5¢ | 22.5¢ | 21.0¢ | 1322379 | ||
| Last updated 15.59pm 01/05/2024 ? | |||||
| LRS (ASX) Chart |