RE:More drilling!Hi Papino,
First, thanks for the video link, and good info.
Second, thanks for remembering about more drilling. It has been my opinion that NLC should take the summer oppurtunity to drill another few DEEPER holes in the High Grade area. For any resource companies, either it is gold or copper, or other metals, drilling to prove extra resource is not money wasted, and it creates value in ground, convert resources to reserves, therefore increase the mine life. NLC has about Can$37M, certainly they can spend some to drill a few DEEPER holes, with MORE HIGH Grade reserve, even Better Economics.
I emailed Carlos recently, NLC will NOT DRILL any holes this year, unfortunately. In 2019, they drilled two holes, PB1-R-24 up to 160 meters, PB1-R-25 up to 280 meters, both terminated prematurely. I believe they will incorporate these two holes results into an updated new resource and reserve estimate for the upcoming FS.
NLC is working on the followings:
Waitting for the close of CATL's agreement;
The pilot plant is just re-opened, and they will JUST produce some samples for CATL, and may not annouce it;
Working on FS.
Keep long & stay safe!
tiger