An announcement of commencing the next drilling campaign in coming days should be able to energize the SP a bit. First assay results likely will come out in September. Unlike the 2020 drilling campaign, this round is full of uncertainties. Personally I don't have much of a high expectation, so I am prepared for some surprises to the upside.
With regard to PFS, what percentage of the indicated 39 Moz silver can be converted to Reserves remains to be seen. There's also the possibility the current assumed cut-off grade to be raised again from 30g/t for optimization reasons. Punters beware.
IVR Price at posting:
8.1¢ Sentiment: Sell Disclosure: Held
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