RE: NI43-101 dated 13 September - DownloadInteresting read, and thanks for highlighting it.
A couple things stand out in the report for the longer term investor. The first is a recommendation of more drilling to continue to define and understand the orebody. The timeframe for that was another 1-2 years at a cost of about 19 million. The other aspect was the recommendation to address water rights. I have no idea of the exact layout of the property so I could just be blowing smoke out my a.ss but addressing water rights for a high-altitude mountainous region is a long-lead item they need to make sure they have solved.
On another note, automated charting systems have alerted to a breakout for XRC off a continuation wedge with a target price range of 7.30 - 7.60. But those systems don't read newspapers so don't consider external input like bought deal arrangements. But still, as long as the POG is still stable/up on Monday, there should be good volume coming in from people who are alert-buyers. For traders it might make for a little extra to take advantage of while assessing whether the pattern will continue, or whether the bought-deal is still keeping a lid on the price.
glta
eebler