RE:Phase 1Not sure what you're talking about TSX.
The drill hole numbers shown in the highlights section of the most recent news release differ from the drill hole numbers shown in the news release highlights just before this one. Granted some of the other content regarding completion of phase 1 drilling and 75% completion of phase 2 drilling etc. is repeated.
Have to say though this last set of drill results were decent IMO. The bottom line though is what we show in the new resource calc. I'm looking for a substantial increase in proven and probable reserves ideally cose to or surpassing 1 MM oz as well as a resource that's expanded to the 3 MM oz range. Time will tell.
As far as the market goes it definitely is disappointing. If Bharti misses on the $2MM raise at a lousy 20 cents, < 3 cents pre-consolidation, thats absolutely brutal. He's announced three financings and each one has fallen through if this one doesn't close. Three strikes and you should be out. The only thing I can say is the market is still bad for junior developers even at POG well above $1500 oz. Even other Canadian developers I keep an eye are trading like shite for the most part.
Fingers crossed Bharti can still close on the $2MM and get this through to the updated FS. I think that's the only thing that may get us a reset now in valuation. Once again time will tell.
It is indeed looking grim at present.