RE:News Most holes drilled (like 47) so far are necessary infill holes to update the resource. What happens now (after 48/49) will be exciting as they start to know a lot more about the breccia discovery.
So as time passes this gets hotter every day. Nothing spectacular happening and more of the same results; we see 50-100% RE update.
Meanwhile a consolidation deal pending. BVN can clearly see the JV requirements are fulfilled once the next two holes are drilled (1-2 months), hence they might as well come to the table. They need to make a decision soon any way since they are running out of ore.
And third mover can be the breccia discovery. It can put a cherry on the cake. Any day now 48 should be in. Hopefully they managed to test where 46 ended in mineralized porphyry.
REG has 8.1 billion pounds of cu eq already.. Usually, companies like REG are bought out at approx US 4 cent pr pound cu eq. and REG is currently valued at +/- 1.2 cent pr pound ONLY using existing resource. Resource will most likely increase 1-2 times due to north drilling and cu price will rise meaning companies will be bought out at maybe 5-6 cent US instead of 4.
Little downside here. Big upside.