RE: Video Part 4 & final post - the clock is ticking!21 Feb 2021 20:01
Haven't got a clue, ASSYAS clearly sound like they'll be high grade but how frequent and in what intervals is yet to remain. Having the XRF analyser is key and as the campaign continues at Bailleston, CB has the freedom of changing direction of the drill program if the cores aren't meeting the expected standard, no need to wait several weeks for assays to return
JV at Creswick is huge for the sp, but this doesn't concern me in the short term. It opens up a whole new ball game for ECR, whatever they maintain in the deal: 30/40/50%. A company will be heading over to the DMS with money, resources, drilling equipment and expertise giving ECr mainly a free ride to a potential multi million ounce deposit. But knowing CB, he'll want to get his hands dirty and involved over at Creswick in some form.
The positive around the new licenses, is that some of them extend the current projects we have at Bailleston and Creswick. A combination of historic gold grades and potentially fresh ones incoming soon from the labs, the potential in ECR extending their footprint here is HUGE
3 big catalysts for the company moving forward which will take them to the next level. Outside of this i'd like to see movement in:
- Purchasing a second drill rig
- Building a lab at Bailleston
We do need a little patience because the first drill rig MIDAS is only on to its second hole. I've just been majorly impressed how quickly CB has put it to use and the value it can add to the market cap in 2021 and beyond. Knowing its cost of around 170k and with the company having 4 million in the bank, a second rig would nicely compliment the movements of ECR on 2021 and accelerate all plans to build up a resource
If I'm going to take a punt,10-12p by June would be my guess. ÂŁ80-ÂŁ100 million m/cap, probably after we've recieved assays from 6-8 holes at Bailleston, the Creswick JV has been signed and work has began on top of license approval confirmation
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