Trenching results won't move the market IMHO. Always a huge discrepancy between surface works and actual drill results. Always has been. Not sure whether the market will take on board Estimates derived from surface works. (Most investor are ignorant to the difference between rock and trench surface works). Drill bits talk the talk and its these results that move the needle. Also Estimates might not excite investors compared to a JORCed Ore Reserve.
IMO the most important hurdle moving forward is to show how the next proposed programs will be funded and the type of funding appointed. One huge tick for investors is good COH for 12-24 months conducted with a strategic industry venture. Another placement to vultures and shareholder will wear the pain.
Look at the last 3 months since the December emergency raise. Flood of shares available to feed any strength.
Huge positive is quite a marked change in BOD showing an experienced team now not just a one man band. I look forward to PD directorship in relation to the corporate side of the business moving forward. Having MN back licking rocks full time and a new experienced captan to direct the ship away from these turbulent waters is a huge plus in my book.
With Au Ag and Cu showing good spot commodity price (Au $2400 USD) STM's in ground value has increased dramatically. Having now 2 experienced directors on the team dedicated to corporate freeing MN dose change my short term outlook in a positive way. STM can't afford to have 2 rigs idle for 6 1/2 months. The sooner they raise (smartly) and commence drilling again the better. From the 2 last trenching results there is definitely some interesting targets to add to the Limon startup and mostly Au.
I am not down ramping, overcome COH smartly with a clear focus on commercialisation and we WILL see a rerate. Also hopefully the new Gov can bring unity and calm back into the issue with these cartels. 3 assassinations (president and 2 mayors) dose raise a sovereign risk.
Have a great weekend all.
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