RE: cash10 Feb 2021 10:47
I agree, they will need more cash. However, Nalunaq is a redevelopment project with massive infrastructure and producing in the past, there is massive amount of data I expect they have from that operation to learn from. They will explore and further develop the resource at Nalunaq, potentially infill drilling to expand the resource. The company has enough cash now for exploration which should be very exciting news for investors. The delay of production in the current environment with transfer of resources to Greenland, is in essence irrelevant in my view, and actually a good decision to make! The company sits on one of the most exciting exploration portfolio in the market which they will now spend money on! Very exciting season ahead for the current shareholders!