What boxes still need to be ticked exactly?
From my point of view, they’ve ticked the below boxes:
- proven up 10% of their first tenement and moved into production as quick as any small cap mining company possibly could have.
- proven some of their impressive PFS production numbers and even exceeded them according to their announcement a few months ago stating 20% throughput increase and 5% recovery increase.
- proven that the clay is no issue for production which a lot of downrampers thought would be impossible to process.
- Continued drilling now they’ve got cash which is perfect timing in my opinion.
- Continued acquiring and searching for new value-adding tenements that should begin pushing the price up when we find out how much gold is in the ground.
- Directors have stayed loyal and not sold a single share despite a Disallowed on original prices of $0.003! And I highly doubt they’ll be selling now that they’ve got money coming in from the debentures.
The only boxes I can think of that they haven’t ticked is:
- confirming exact production numbers (which they’ve already given a few of over the last few months and haven’t announced any poor numbers for operations as yet).
- confirming what’s in the ground at Stockdale, BlackCat and the other 90% of Jaurdi which should only be a week or two away for the first of these results.
From memory, it was only a month or two ago when you were saying you don’t see a bottom to this company and that you were selling out. Yet, it’s at a higher price now and your disclosure says you hold? I know I may be a little optimistic here sometimes but at least I’m consistent and people can trust my position.
Anyways, as Kotadrew quoted me today, I still think this could be at 20c in 2 years time if the remaining tenements have half of what I hope and they acquire some other projects over the next year.
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