RE: Scorecard for BRES management: 8/101 May 2026 13:36
Response from Sasha on Telegram
A lot to process above, I’ll reply in more detail when time.
P1 and P2 efforts are in parallel. No debt in focus for P1, however, debt for P2. Project level / strategic for P1. There are multiple parties and Iain so being kept quite busy on DD, as Mike said they are in various processes. Mike will update, he’s doing best to push them along to term sheets etc.
The drilling on the step out and extension deposits happened prior to the DFS, and delivered excellent returns and clearly demonstrated the longer term quality of the asset, the marketing of the DFS was separate, however, putting out so many excellent drill results did get rid of warrant overhang, there are hardly any being exercised right now.
BRES were actually in quite a fortunate position in being able to put out such strong newsflow post-DFS.