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I want to see more corporate aggressiveness from BHL. The OZ miners with very similar projects to us have 5x to 7x our MC and already MoU's on funding if not offtakes. They also have inferred JORC, produced on less drilling than we are doing and yet we can't get a JORC. I am not a fan of the qualified person they have employed. Qualified Persons for other miners seem to produce MRE's after the first drill program so the PFS can begin.
Delayed. Assays are late, and the drilling started later than planned because of the rains (maybe even permits?). Soil sampling and information on the first core is what we got, so we need to suck it up. I am surprised we did not get the Basin East JORC update. Thought at a minimum we would have gotten that. Just need to wait. My understanding is that they have submitted plans for the second round of drilling to approved. Once approved then they start a second round of drilling even if they are still waiting for the first round of assays for the first drill exploration program. Best we can hope for for now.
Perfectly normal for such a big shareholder to want a seat on the board. Doesn't mean anything. When you change advisors, that can mean something.