The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Verkhuba JORC
Says a few minutes later small chance they can convert to JORC with current drill bit doesn't want to overpromise. Seems RC drill next year more likely. Now saying Verkhuba was the most advanced target but thinks there'll be better ones to follow. Not sure what to make of this big shift but seems after the visit from Dr Carl, they're focusing on making the whole land package attractive. Perhaps he was sent by a major to run the rule.
Another interview. 22:22 assays expected next month or so. https://youtu.be/pvXB81Q6sBQ?si=_rqJhAA_ibuzaEeu
Seems to be a shift from highlighting Verkhuba as a near term production prospect to running around generating target after target. I only hope that's done as a requirement for a farm in to show them there's short/medium/long term potential. Otherwise,should just be about getting Verkhuba ready asap. The December presentation should be interesting and a Q&A component as well.
Presentation and Q&A on 6 December. https://mailchi.mp/stockboxmedia.com/oj4rhhx7qw
The problem here is that they were touring this drill campaign as the JORC resource conversion and other work to be completed by end of this calendar year, but in the placing RNS it's just to inform further drilling presumably for next year now. Goal post shift is a bit annoying. "Upon conversion to JORC-compliant resources, East Star will be able to undertake a Scoping Study on both the open pit and underground development scenarios to confirm the potential economics of the project. East Star hopes to complete and publish the results of this work by the end of 2023."
Darkest before the dawn etc. Chin up. https://www.linkedin.com/posts/alex-walker-a2873016_geez-these-are-some-tough-times-in-small-cap-activity-7119627162772504578-pK8M?utm_source=share&utm_medium=member_ios