NibbledI used to own this stock a couple of years ago. Same story, same resource, closer to alluvial mining. I don't think the market will be overly impressed by 300-400oz per month production from alluvial but it should finance more drilling and that is the long term goal. Raise oz in the ground until they get to a production decision. Alluvial targets appear plentiful enough to increase capacity in the meantime and get cashflow into the millions/yr.
Saw the Caesar update and always liked the story. Maybe Severstal will come back some day with cash in hand next time. Looks cheap so I'll wait a bit and see how the alluvial mining and drill results look.