The way forwardAlhambra, steadily advancing along a transparent and deliberate path, is on track to close a meaningful financing shortly with a group of very savvy and proactive overseas investors; with these funds slated to clear up past financial obligations and, in so doing, remunerate vendors for the results of considerable exploration that has already transpired; including a geophysical survey and assay results (covering deep drilling) at Shirotnaia; the long-awaited (now complete) updated economic assessment of Uzboy; as well as promising soil samples from Zhusaly, Vasilkovskoe East, and Dombraly East.
Moreover, pragmatic ‘remedial’ actions will be taken to dramatically enhance recovery rates from the gold resource already stacked on pads by (1) maintaining cyanide concentration at the optimum levels; (2) ripping and fluffing the rested pads (thereby increasing the recovery of gold substantially); and (3) augmenting the columns containing resin (used to extract the gold from the cyanide solution).
These measures, righting the concern financially, boosting production (after a suitable time lag), announcing the results of completed exploration activity, and communicating Uzboy’s new NI 43-101 resource estimate and Preliminary Economic Assessment, plus a great deal of ongoing soil sampling at recently identified highly-prospective locations, will build momentum, -
As an immediate follow on, this influential group will get behind the company and introduce management to new players; likely to boost its stock price; and (as a next step) lead to a follow-up ‘exploration financing’.