RE: bl**dy joke28 Jan 2020 10:38
I am a LTH and the reasons I am not selling are as follows:
Positives:
1. 3rd Party analyses and valuations ito of SS and JORC are all excellent.
2. Current work streams are fully funded. These include the final METS report, the Hydro and Geological studies and the mining license.
3. Last drilling currently underway TOD 025 and further Assays will be published but not included in Jorc as the current resource is already adequately proven and will make a compelling business case to major miners.
4. LR and MC are on record saying that they will manage dilution and protect SH’s.
5. Data Room is already open and NDA’s are already signed. One can safely conclude that a due diligence is currently underway by at least one party.
Challenges:
1. If anyone understands the “mining lifecycle” it is EUZ holders. They understand that the more a resource is “proven up” the risk should effectively be reduced and it should show in the SP. After all we have paid for it. This is not happening with EUZ for some unknown reason at this point in time. The BOD has put measures now in place NOT to prove up the asset any further as it has no effect on the SP whatsoever. I personally agree with this decision.
Conclusion.
You can draw your own from the above facts but I am "hanging in here" until Goldquest Iberica is sold or further developed.