TSXV:NUG - Post Discussion
Post by
Summerof69 on Dec 30, 2023 8:47pm
Why the rush on hole 2 assays?
Just thinking out loud on possible reason for the rush on the hole 2 assays ...
1. they want to see if this hole is a discovery hole. If it is, then they do a raise at a higher price and start delineation drilling.
or ...
2. the hole comes back as a duster. If a duster, then they have a decision to make. More dilution at current price but doubtful this will happen. Or leave the current share structure in place and JV the property to a nearby junior.
They want to know which avenue to go ASAP in the new year so if they have a discovery, the March onward with 100% ownership or if a duster, the jv partner can hit the ground running with the remaining three holes and/or do up an entirely new drill program.
Just wild speculation on my part trying to explain the reason for the sudden urgency to fast track the hole 2 assays.
Do your own due diligence first. Don't listen to me though. I am a novice investor.
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