NYSEAM:SVT - Post by User
Comment by
vinniePon Sep 28, 2021 9:50am
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Post# 33929930
RE:RE:RE:Did not think I would see a a decimal 035
RE:RE:RE:Did not think I would see a a decimal 035 If past drill campaigns are any indication of how quickly we could see (preliminary) results, I'd say another week or two at the earliest. The first campaign in 2018 was a few months then 2019/2020 was about a month. One would hope that the time it took for Blue to get this rolling, it would be a result of them working meticulously with past data and results; management has stated as much. People get frustrated with the pace of play (myself included) but we must remember that all juniors are NOT created equal. Some move faster than others, have deeper pockets and more favourable circumstances. I'm not saying that working in Cali is "unfavourable" by any means, but it does have its challenges and is typically an uphill battle. To this point, for as long as it's taken, there has been execution and support.
The key here is to hammer out these four holes and see some hits. The reality is it's 50/50, but it's a bet I'm willing to take. A round two then some infill drilling will help to prove up the resource, move more to the measured and indicated categories and set the stage for an updated PEA. All of which will require funds and dilution.
I'd think this is the likely plan of action and the window for said achievements to be year end 2022. It wouldn't hurt for some decisions to be made on Yava in that time as well.