RE: 24p+ equivalent close on the tsx10 Dec 2025 16:07
Stay out of it Nap, youâre rude and a bore on top that too mate!
Ok, so that answer kinda sounds like youâve been stung before and reacting to that. As a general rule of thumb, if you hit these kinds of grades, then chances are you are gonna hit more. The grades were high and with good width. Google âexplain nuggety drill interceptsâ to get an idea of bad high grade ones or âsmearingâ as they call it. Itâs not too complex. It helps for the future.
As for the cash raising, thatâs part and parcel with every explorer. But with grades like this, raising cash is usually beneficial. The idea is to show enough mineralisation to improve the terms of a JV when it comes in. The more assays we have the better bargaining. Raising cash to keep the lights on is bad.
If thatâs your only worry then have a little faith. These kinds of grades are very rare. There might be the odd poor result but again that happens as they try to find the extensions of the deposit. Like I said you canât be down that much in five years. Any sniff of a JV and/or institution investment and/or pathway to production and your 33% deficit will be gone in a flash.