Update on what we have to look forward to...
Yesterday I had the pleasure to exchange a couple of emails with Suzette Ramcharaon our VP of Corporate Development. She was as informative and giving of her time as she always has been. Here is what we touched upon: 1. Drilling results should start to roll in sometime in the first week or two of June. Perhaps even sooner. 2. They (the drilling results) "will remind the market of the quality of the assets and start to show some proof of concept of our plans". 3. They are aiming to complete upwards of 75k meters of drilling this year. Again Phase 1 and the success of some of those targets will determine what will warrant follow up in Phase 2. 4. Next year they would like to complete approximately 130k meters of drilling which would double the 185k meters of exploration that NHK has done between 2010 and 2019. This strategy is warranted to advance the project as it would "ensure we assess the land package for potential new discoveries". 5. All of this drilling should lead to what they hope (given the level of drilling) will support a robust PEA. 6. Lastly being an exploration company NHK will always require capital to carry forth their plans. Bigger plans will obviously require bigger funds. They have a number of things on the horizon all of which as always will depend on factors such as "gold price, market sentiment and availability of capital from the sources we are looking at". Hope this information helps guys and again I would like to thank Mrs. Ramcharan for her time and detailed information.....