RE:RE:RE:RE:RE:RE:RE:RE:Technically very sound,,!!Overertune wrote: I thought buyout should be quick after drilling starts, sometimes early 2021?
In principle, Auric is correct....in that the conventional practice of drilling out the resource to be able to show all the facts, benefits the seller. That takes time. Here, we have a rather unconventional situation in that historicals are in place but deemed by some not to be "trusted". Thus, when the full IP is interpreted, overlaid onto a map of what we know, the probability of hitting big and deep into the rich mineral sections will only enhance the grade and tonnage. Furthermore, and far from me to tell the boys how to drill, the old drills looking for a 200-meter pit shell, seemed to favor vertical holes. Now, to increase grade and tonnage, drillers like to push some thru in an angular pattern, hoping to hit wide widths, thus tonnage.
So, the point here is as the potential buyers pressed to find good projects increases, practices that apply to standard discovery projects might get a pass in fear of somebody else jumping the gun. Here, I speak to state-run Chinese entities that will break the mold if they're convinced a minimum return is all but guaranteed. So, will we last till 2022?? Should be an interesting 2021....Stay long...Stay strong...We're on our way....