The resource drilling at NAL and Vallee, will be used to determine the best path forward.
They are aiming for the super pit, but if the resource is not what they had hoped for, they always have Authier to come back to.
Authier BAPE should be approved late 2024, early 2025.
By then they will know which way to proceed, and I certainly would not be discounting the possibility of further resource east to Vallee.
Its not a dud until proven so....
And I know that our geo's, Sylvain, Brett and Jourdan's Dr Andreas Rompel saw merit in it
And for 4m for 25% and a further 6M for another 25%....circa C$10M in resource drilling and an FS, with an option to earn up 51%, in my view, it worth the gamble....
For info...
Under the Agreement, NAL has the right to earn up to a 51% stake in 28 claims within the Vallée project, which includes pegmatite targets located close to and along strike from NAL’s orebody. This is based on NAL spending C$4 million within the first year to earn a 25% interest and an additional C$6M within two years to earn a further 25% interest. NAL also has the right to increase its interest by an additional 1%, to an aggregate 51% interest, by completing a feasibility study and arranging funding for the construction of a mine at Vallée.
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