OTCPK:CRZNF - Post by User
Comment by
bilarooon Oct 07, 2020 7:28pm
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Post# 31684374
RE:Any news from the meeting today?
RE:Any news from the meeting today?Well....the slide presentation is on the website, but the webinar itself was a little uneven due to some audio and technical difficulties at the beginning.
So some takeaways:
as we know they are changing the focus to silver and trying to attract new investors to " an undervalued silver investment"
almost right away, surface drilling of 2-5 holes to be completed by November and results by January, in high silver zone.
RCF strong support with $3 million now and Rights offering of $10 million to be used for underground drilling next year.
They anticipate more money/financing with be forthcoming as needed if they can prove up resources and 50% increase in throughput....especially silver from 2 million oz per year to 3 million oz per year. Also, to get silver content from current 4 oz per ton to 7+ oz per ton. And expect silver to be at current prices or higher in the medium to long term. They expect silver to be 30% of total revenue.
Updated feasibility study coming based on the above needed to finance the project.
They want to start building the road Q1 2022.
A question was asked near the end of the webinar about the Newfy properties. All MacDonald would say was that he couldn't speak to that as they are currently in discussions.
Read between th lines and it sounds like they are for sale.
It didn't last long, and all the info is on the website.