RE:RE:Sprott Equity Research - Dec. 11I expected a 'pop' as well but do recall it took a few weeks when the feasibility study came out for us to rise then as well (from $0.75 to $1.00+). Seems the stock is slow to react but I expect we'll be in the $1.40 to $1.50 range after Xmas provided the POG stays relatively high. If the Mines Act Amendment is submitted in early 2021 we should get another bump and I'm hoping we'll be at $1.80 or so 6 months from now. I would like it to be higher but I think those are realistic targets.
I expect we'll embark on a sizeable drilling program next year trying to find nearer term, high grade ore on the Premier property to feed the mill which will allow them to delay the commencement of Red Mountain out another year or two. Between SAMS, more found and converted ore, and higher grades, I expect that's the only to bump to the NPV we'll see possibly see before we get see production.
I'll be tuning in today to hear what Derek has to say.