Bragging rights...Mr Reid on BNN alluded that BD would hold the 'bragging rights' after the release of the 43-101.
I wonder what he really meant...
Great deposit... however, a lot more drilling required to measure total NE extent of the deposit and also will someone sink a few deep drill holes!
The modified arrangement with Freewest calls for a 'feasibility study' + 5M$ to obtain the additional 10% instead of 15M$. A scoping study is not the same and Freewest (CLF) would have to agree to this. Why would KWG do a scoping study unless they want to exploit the deposit? This scenario is highly unlikely. It is much more likely that KWG and SPQ will be taken over well before that.
Let CLF pay for the feasibility study when the time comes... To maximize value i think investors would be better served if SPQ and KWG put their money to work at determining the total extent of deposit in all directions and finding other types of ores...
MICON is biased towards economic feasibility when they mention: ' Whilst additional resources may be discovered by deeper drilling, Micon believes that the optimal economic depth for mining should be determined before such drilling is undertaken. Thus in the short to medium term, additional drill programs are not necessarily a priority.'
Let the potential buyer(s) determine value of what's in the ground. However, without drilling, no additional value...
GLTA
SB