RE:RE:RE:NI 43101 DELAY
My friend, they are not near production. A maiden 43-101 is just that and they need to do a lot more drilling to get this to an advanced stage for a PFS prior finding millions of dollars to build infrastructure to mine. The next step for them since they have only $3-$4M in cash left is to option off property to a mid-tier, if they can, who does have the cash, wait for the market to get better which may be a long way off or hope for a buyout. Solvista Gold just did this with IAMGOLD. A buyout would not be what they would have got a 1.5 years ago.
I am long in this company however more optimistic about neighbours EOM and GLW. Time will tell.
GLTA