RE:Serengeti follow up today for trading purposesListen, you cannot talk out of one side of your mouth. Reality is SIR have no money left ($300K) and major dilution is required to kick start again. Money has been used inappropriately without proper due dilligence on costs by management. Disclosure was made two days ago of non-delivery, after persistent delays on the expected PFS. Posco Int must be peeved.
Posco International remains a pivotal part of the eqn but it seems like they may walk away. That may be a significant issue. Getting someone else to come in and pony up could cost dearly unless the economics change dramatically. Copper at today's price is not helping and it is still mainly a copper project. SIR may not have the luxury of waiting it out as funds dwindle. You mention the other projects ..... they need CASH to do anything and what does that mean .... dilution at a ransom just to find out if anything is there.
Sun Metals may be dealing more with a Gold project now and that is a signifiant difference. Recent results disappointed for them but that project is still in play.