Dalradian Resources, Inc. DRLDF

Construction Decision [CD] ?

[R_J_]

A few comments from Louis James.
Quote.
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Dalradian has released two very positive progress reports since our last update, which have boosted share prices while those of most gold stocks were retreating.
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First, the company reported excellent drill results, including high grade hits such as 28.23 g/t gold over 1.7 meters.
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More important is that the results show good continuity of the veins and support the company’s resource model.
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These holes should help convert Inferred resources to Indicated, adding to mine life and de-risking the project at the same time.
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Second, Dalradian achieved higher ore grades than projected for its test mining, as well as extracted much more gold from the ore via higher recovery rates than assumed in the current feasibility study.
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This shows that the current study is likely too conservative, and the new, optimized study underway should deliver higher value and returns for investors.
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This is important value-adding news, and shares responded well.
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That’s great, but it argues for patience, especially since the company is not planning to make a formal construction decision before the new feasibility study is out.
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End Quote.
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Therefore the next milestone:
The new feasbility study,
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RJ