The Future21 Apr 2021 10:35
SO 14 hours from BBG webinar what have we learnt.
The DSO lab results are in and being analysed. So we can expect drill results and future plans all rolled up in an RNS.
To me we either drill more to try and define the ore body and estimated resource to get a better JV. Or JV partners may be happy with what we have and want to do a deal. We just need to make sure that any deal works for us and we starts to work on the ore body asap this will involve licences and environmental plans but all very positive along with a very good income stream, Depending on the ore body.
EH - We now need to come up with a plan to start drilling the seven identified target over the next 12 months along with looking at de-watering the existing mine. From there I'm sure a deal can be done with a JV partner and with Silver continuing to rise only adds $s to the price.
Mexico - Strange one this because Bill said we had existing licences in place! but the new ones are taking longer due to the new Government and Covid . I fully understand the new Government thing their PM is digging his heals in with miners and holding licences for years and not doing anything but more to do with Oil and gas. I'd like a bit more clarity on it.
Silver Tailing - Proper foot in the mouth one this to forget about it in the presentation, but putting that aside this could give us a decent revenue for exploration and funding. Looks like we have the guys on the ground and things are moving forward with the opportunity to extract between 70/80% of the silver. We obviously have to pay the guys who own it a percentage but would see that only being around 10% max.
Greenland seems to be on the back burner so nothing to report.
All in all some strong positives with Iron Ore in the Pilbra and Elizabeth Hill with the silver these are the 2 key areas for me going into quarter 2 and 3 with I think some clear directives in quarter 4 but more plus's than minuses and all still to be proved up.
For the long term holder looking good for the day/short term trader you will have your day with the DSO and EH to make and sell and move on.
Just my thought.
944T