I'd say tunks and the guys would be talking to a lot of people and really thinking about the next one as they have enough money for a few more shots. . BUT the learnings from Tisova and Portugal would be complex.
Portugal . . fair enough . . it was always a hard one to drill 1km underground (and if you see what just happened to Nido Litio Portugal also carries awful sovereign risk, I am still shocked from that one) . . . but Tisova "we did everything right". The stuff that is in the waste dumps doesnt match the stuff that is broadly underground . . that in itself is a "WTF" moment for any of the explorers currently re-testing the old mines of europe. If this means the Cobalt is zonal to the metal does that mean it is a much smaller deposit?
Equally .. what happens now if the drill that was cobalt friendly near the main workings does come up with decent grades . . maybe the whole area has pockets of cobalt but finding them is costly. It wont mean a huge jump in the SP as the breadth isnt there. What we were looking for is a massive 1000x1000x100 deposit with high grades in nearly everything we touched . . but it's looking like a thin cobalt grade with occasional clumps of happiness.
Anyway. It's morning. I need a coffee. Instant, no milk. From a paper cup. It's going to be a lean XMAS this year! No cobalt santa here.
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- Well that seems an overreaction
I'd say tunks and the guys would be talking to a lot of people...
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