it was the same with viszla...... huge PP at discount plus options... price went down at 1,55 - now 2,10.. rising trend .. nobody is crying anymore... the market is so short living ... from depression to euphoria within weeks...
But Vizsla is in Mexico - a very difficult jurisdiction... i don`t want to be invested in LATAM
We are in a bullmarket regarding metals - so it is only a portion of the share price potential we gave away (compensdated with higer prices)... but we gained back a perfect negotiating position...
REMEMBER; 3 high frade fields in NEVADA (next to Barrick & Newont desperatly looking for good projects to increase their production numbers...) with an permitted autoclave...best jurisdiction... not LATAM, not Africa, not Indonesia, not Russia...
If the JV fails we have to say thank you for paying us the whole drilling at FAD :-) and I am curious what the results look like... as I remember there were a lot of other interested parties for having a JV with us... and now with rising metal prices there will be even more...
GLTA