RE:RE:RE:RE:RE:Holding the stock back for what purpose ??????????????Page 22 of 36 from the July 2020 Pres. shows a pictorial view section of the underground mine looking from the East to the West, so the South is to the left and the North is to the right.
Our sweet spot (HW and FW) just South of the existing Lime Stone quarry is slated for 40+ years of High Grade Ore. (Originally....I think it was 60+ years, but Almonty wisely took it down a few steps).
The Moly deposit is a bit further below this and yet has to be fully mapped out with more extensive drill tests.
Now, if you look at the grey veins continuing from the sweet spot down-hill at a -20 degree slope it goes well below the Moly projected area and under the Lime Stone Mine, this is actually the historic lower levels scratched out in the past.
Much more to be explored in the future, but sadly we will never see it in our lives.
From pg 22 :
" In addition to the 12.5 years of P&P Reserves, approx. 58 mt at
0.43~0.51% grade ore are being classified as ‘Indicated & Inferred’
– 95 years of LOM at 640K tpa "
LOM meaning "Life Of Mine". Pana has run much longer, but not at these grades and Op costs.