RE:GoldBeauty NR which helps define the roadmap a bit. Couple of statements caught my eye. Looks like they found a pile with a centre Freddie, 1/2km down assay's pending so that will be interesting...
"Plunging below these two VMS feeder systems is the mineralized Cabaal West target, that we now know has the classic alteration signature to a VMS centre and hosts our strongest BHEM conductor. With these open results, Cabaal is demonstrating its high prospectivity for multiple open pit and underground Copper-Gold resource development programs."
"CNWE's high-grade Au veins are strongly influencing Cabaal's future planning for technical and financial studies including but not limited to the repayment of CAPEX time frames, OPEX estimations and location of mine processing facilities. These high-grade gold veins traversing strong Cu-Au VMS type layers are a recent discovery by Meridian and have the potential to exceed the Cabaal Mine's original mineral endowment, being wholly intact and open."
"Meridian's primary focus is to develop Cabaal's camp scale, near surface, high-grade gold veins hosted within Cu-Au (+Zn-Ag) VMS mineralization. During this same period, the additional upside presented by deeper underground targets such as Cabaal West will continue to be drilled, but future programs will be guided by the expected timeline associated with Cabaal's surface prospects. Comparative VMS camps have shown that the timelines for the transition to focus a company's activities from surface opportunities that have been or are nearing exhaustion towards underground prospects can be measured over a period of decades."
The decades part will factor into a takeout price.
Wooohooo!!!