News this morningThis is great news for sure. They would not be picking up this land if the results they were finding in Engineer Phase II were not good enough. There would be no sense expanding their ownership in to Gold Hill. It's also nice of them to finally announce that they were working on Phase II this whole time which means they will likely be finished by the end of October.
With that being said, Goldbard is still MIA as far as drilling Pepper. Toe results are MIA as well. I don't think this recent news is going to do much for the SP. It might have a temporary bump to 10 or 10.5 cents, but then it's going to go straight back down unless we get some drill results right away.
The company itself seems to be solid. The fact that they picked up Gold Hill was a very smart move. I think the next PP is going to be well funded and Kinross will also take a piece of it if it involves Engineer as it's the only project close to production status.
Exciting times to come, but please bring on the drill results.