Completely agree scoping study is the key here.
Many are valuing this based on a functioning mine.... I am not! I am simply valuing it on a prove up resource and sell basis. That’s how you grow, we don’t have the balance sheet to take this project forward.
No doubt if high grade drilling and scoping study go well then we will be many multiples of current SP.
£20m MCAP for me by the year end
HAs its day..... there were tonnes available recently, just goes to show you how craaap a share looks from the outside, it still has the potential to do something!
Fair point - but majors want something with higher confidence level so resource in Measures/indicated is miles more valuable then a huge inferred resource, in this space anyway
IMHO drilling to the East is still stupid - it will only prove to be low grade! Trying to bring up the resource to measured/indicated SHOULD have been the priority and all the money should have been spent on infill and some step out holes. Regardless im bullish on scoping study and not so much the extension drilling.