Nobodys fuel - Excellent doumentation One and All.I.M.H.O. Nobodysfuel did an excelllent job in populating a post for this forum. (Excerpt below)
I for one learnt something significant. I thought the onus was on the Serbs to give us the elobarate but reading the below, I believe the onus is on Erin Ventures to provide the necessary information. If this interpretation is correct, Erin will be controlling their own destiny. So looking forward to the coming weeks.....
Best of luck to all E.V. equity share holders.
Greetings Folks,
These were notes I took during the AGM CC, Dec. 17th, 2020.
THIS IS NOT AN OFFICIAL RECORD.
TD’s Presentation
Look back at 2020
Had announced big step to commence exploitation license. This was a significant step as it created more certainty in budgets and timelines.
Update in his process:
Step 1: Certification of reserve; requires elaborate (PEA in North American terms). Resource/reserve calc + preliminary economic assessment. We have 3 years to complete Step 1 and 2.
Step 2: Resource calculations required by Serbia.
Step 1 and 2: 12 to 18 months of work if properly financed and stable COVID. 3-year time frame is plenty of time.
Limited fieldwork planned this year due to submitting certification of reserve. We did have to relog the core to get more details of grades, etc. This requires more 3D modelling. This was a bit slow due to COVID. But it was completed: field work done; a bit of lab work left but not much.
1st quarter of 2021 estimated submission of resource estimation. Was expected in 4th quarter of 2020.
Setting up DD for potential partners has been hard due to COVID – hard to get them out to actually see the property.
Look ahead to 2021