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They are continously drlling Nymagee North.They plan to do more...

  1. 1,239 Posts.
    They are continously drlling Nymagee North.

    They plan to do more drilling soon at Federation (the first 4 holes only hit the halo of the suspected deposit).

    Us being fully financed, what I don't get is why they are not currently drilling at the CoCu prospect (even with cobalt prices at $12 thats still a lot more profitable then copper alone) - it is so close to Nymagee North and I have a hard time imagining drilling riggs being hard to get atm. Maybe they still need to get some permissions? But why should the situation there be different from Federation?

    That said, I am more than happy to have his kind of problem: which of many promising prospects to drill first is a win-win kind of problem ...
 
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