CYP will be drilling deeper & testing that From CYP 03/30/22 Webinar, @27:56 Min,
Bill: "Remainder of this year we'll definitely be into test another material. That's what's the purpose of our bulk sample is to get deeper into the deposit and we will be doing a number of sonic tests holes that will also be checked in the lab." "We don't expect anything different in the way of performance in the terms of acid consumption recovery but we do want to confirm that." "Those are on the list to do things and we're also looking at ways to modify the process that we go through and make it better."
IMO, this will finally and precisely answer to shareholders and NDA's the question of what the deeper material consists of in our deposit.
Also,IMO I believe testing deeper clay in our deposit will further derisk our project and maybe add more value to our project by eliminating an unknown. Plus I think that the newly drilled and tested clay should be added on to the volume of clay that the deposit has and that number should be included to the (FS) thus making our deposit a bit larger at depth and adding a few more years onto the projects life span. That's more value any way you slice it.
PLus, a NDA or a possible JV partner with CYP will no longer be able to use the reason that they don't know what's deeper in the deposit as a reason to bid a lower price than CYP may ask for.
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