RE: Prediction13 Oct 2021 13:58
I have asked GR about DFS scope, timescale and cost and cannot give me a response yet :(
Therefore, the cost will be higher than the $5m budgeted knowing GR, the 14 months timescale from March 2021 is already out as GR didn't assess the COVID situation in ZIM when he has announced this timescale and he knows that it will be very difficult to attain this objective as we are already behind. Regarding the assay result which is good news, we will need as well results of the original pre-EPO area pretty soon as people are suspicious why only one hole result was announced. If other results are as good as just announced, then SP will be going north but do not forget all the placing which will be needed. Now, we are in ZIM and do we have so many JV partners queuing at present willing to invest in Zulu? I doubt it. When the DFS is finished, we will see. Look at Circum DFS and how great it was and how long does it take to find a company to takeover.