RE:Another drilling season!!!It's an excellent resource update, especially the Measured + Indicated, which can be converted into reserves for the DFS, and improve the project economics. Also M+I is over 5.3 millions tonnes, and will be the ranked number 3 behind LAC & ORE. Although the overall resource
is below my estimate.
Why would they want to continue drilling if they will be probably financed ? - Simply to put pressure while negotiating ? - They want to increase evenmore than the 40KT already planned ? What's your thoughts ? I am the one on this board to recommend drilling more in the high grade area, you need to use numbers to prove you are the best, rather "potential" best, and it is pure speculation.
The wells can prove more resource, high grade, more production capacity, as Carols said up to 60K. If there are more resource, it can be even higher, say 100k per year.
When you are the Highest Grade, the No 1 resource, you will have more to day on the negotiating table.
As I said many times, we need patience, and let the management do their work, and realize its true value of 3Q.
tiger
Papino0 wrote: The expansion of the resource estimate in the high-grade zone is based on the discovery of high-grade brine at depth and to the east (and outside) of the previous mineral resource estimate. As a result, the company decided to continue the drilling campaign in the high-grade mineral resource in the next season (starting September 2021 ). This follow-up drilling campaign will focus on the high-grade mineral resource at depth. The deepest hole in the high-grade zone is currently 365 m , and it did not reach basement. This is taken as an indication of further discovery potential at depth and to the east of Laguna 3Q under a large flanking alluvial fan. The upcoming drilling campaign will not delay the company's work to initiate pond construction in the coming austral summer, since it is located some distance from the construction sites.
Why would they want to continue drilling if they will be probably financed ?
- Simply to put pressure while negotiating ?
- They want to increase evenmore than the 40KT already planned ?
What's your thoughts ?
Really pleased with the outstanding work of the team always delivering as expected and more!
I decided to take some distance with the short term price action ( and the boards ) since we left the rock bottom to let the mgmt and the time make their work, it's easier than I tought!
Well done NLC and have faith in the pay science ;)!