Porphyry Deposits Education, page-31

Precisely my concern. We have hit some nice grades outside the historical resource, but most of the holes seem barren (economically speaking).

If the visuals are accurate, most holes hit 0.1% chalcopyrite, which is a very low copper content. The high grade intercepts, 0.6-0.8% Cu (potentially) don’t seem to justify an underground mine either.

At this moment, gold would be the only thing preventing this drilling campaign to turn into a failure (or visuals having been severely underestimated, which sounds unlikely).

And once our drilling money is gone, what? Another CR?

I am sure the market would not welcome this. We cannot rely on sophs to raise money indefinitely. We need to generate money.

So yeah, I think we better be “worry worts” if we don’t want to be diluted to zero.