OTCPK:BLILF - Post by User
Comment by
laporteon Dec 12, 2020 4:47pm
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Post# 32094059
RE:RE:RE:RE:RE:RE:Finally
RE:RE:RE:RE:RE:RE:Finally I would think that the decisions within this press release are at a minimum two months old. I was wondering why they needed to do another private placement(then a second round of it) then a granting of stock options. For BRZ's contribution of the finanical calls for the MSB project is what we are told. At that time I was thinking something may be in the works. Now we know that the money was needed to support new drilling to 400m and to finance professional services with Worley Parsons etc.
I would hope that the drilling then updating of the engineering work required for the 4 old code concessions to JORC and NI 43-101 standards could happen within 3 months. So for a timeline my outlook would be drilling and completion of updating of engineering work end of Q1, financing and offtake progressing at the same time but announced end of Q2, then hopefully conctruction commences end of Q3 2021.
Any sort of progress towards construction even on a smaller scale is most welcome.