Until the inevitable CR happens and is out of the way, this thing ain't going anywhere. Yes they have drilling paid for in the immediate future (6000m?), but that isn't going to make a mine.
Mgt should give themselves an uppercut for how they have managed this over the last 6 months. All that drilling, those wonderful grades for a paltry result in terms of JORC. Yes the metallurgy results are a huge improvement (what a relief that was), yes we are dealing with a narrow veins, yes we have a greater certainty with the deposit, yes the silver price has been shite, but I am underwhelmed by management to put it mildly.
Maybe the silver price will come to their rescue but even so, some serious dilution on it's way. Promised the World, delivered an Atlas.
woohoo -94%, page-17
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