This is great news. And I think we all knew it was going to happen. BOD had to give VAST first refusal due to our partnership with them. However, they have major financial problems so was never going to happen. I think JC has a partner ready and waiting in the wings. This will make the project closer to becoming a producing mine again. Not a long timeframe with extension must mean most things are already in place.
Looks like someone may be cashing in some of the warrant profit. No other reason for the fall in price as we build to some mega news. I suppose it gives us a false price to top up at.
Mr Y Tier-1 scale: 305Kt of Nickel, 143Kt of Copper, 57 tons of PGM and Gold (11.2Moz of Platinum equivalent) have been estimated by WAI as JORC-compliant resources for an underground mining operation. Your point is?
For anyone who needs to get a handle on what yesterdays RNS means can I point you the way of this 25 min presentation by our leader from November 2021. It really should get you very excited about our Thorny River project.
?Mining commenced 31 August 1998 ?1st two days 40 000ct from 2 792 tons ?1st month 165 251ct from 24 781 tons ?Value per ton 1st month’s production = $934 ?Value of 1st month’s production = $23,14 million