RE: Brad14 Oct 2024 21:39
I’m adamant they’ll get drilling and Apta rolling with this raise money.
There’s no reason not to, I’m certain they’ll be able to drill now if they’re confident that the TSX approval will come and soonish.
The skys the limit here, if Apta estimate comes back 1m oz plus and they start taking Pepas to resource then things could advance fairly quickly. Obviously finance is the big question / hurdle though with the current gold price and previous Anza results then I’m sure it won’t be too hard to get a partner on board.
Many of the big boys have started throwing money around. Rio Tinto $6b for a lithium acquisition, Zion have purchased 7 gold projects since 2020, they have no problems paying cash in the $billions. They are aiming to produce 100 tonne of gold per annum by 2028, certainly a good neighbour to have.