Dodge, the SRK report was not a resource estimate it was a process optimisation plan. We were always going to need a Jorc as no one was ever going to take the historical data as fact with no available core samples. IMO it should have been done from day 1 following licence but hey ho can't change that now. Carlingford probably did the best they could to pimp us out but without the jorc almost impossible. And Zim is mega high risk for any investor hence ATLAS.
My understanding is that the jorc is to corroborate the historical data and is only a smallish sample (800m). Samples and analysis will take at the very least a couple of months. If old data is confirmed or better then it should be possible to infer the rest of the data. All IMO
That's not like you SorB, it does not feel great at the moment, but mid next year we should have a better picture of what's going to happen. But I doubt Kodal has it's name above the door when this finally gets to mine.
RE: FS is the key to the next funding06 Dec 2019 09:47
Thing is we are fast approaching nominal value, which I believe is 0.03p. placing would need to be now before we drift much lower, otherwise we are in a world of **** and will probably get bought for peanuts.
Cash balances as at 30 September 2019 were £315,000 compared to £2,375,000 at 30 September 2018 and £1,408,000 at 31 March 2019. Current cash as 30 November 2019 is £282,750 As described further in the Basis of Preparation note, the Company will need to raise further funds in order to continue its development work and to be able to continue as a going concern for the foreseeable future.