Drill Results Hi,
Yesterday, we only received lab results on 9 drill holes from the the 21 holes drilled this past summer. Based on the lab taking 2+ months to analyze and release results, I'm expecting the lab not to get the remaining results out until mid to late
March/22. If the remaining results are similar to what we received yesterday, I would expect RT to inject more cash into the partnership than they presently hold at 8%.
Once the remaining drill results are released I would expect RT's geology section to calculate the new tonnage and value of the Casino property by using the recent current PEA results and the drill results from this summers drill program.
IMO, if RT increases there ownership position at Casino they are definitely committed to the copper tonnage, but it is still an unknown who will pursue the gold ownership, probably Newmont I suspect.
The completed FS should be out late in Q-2 based on yesterday's news release. I take that to indicate the time frame will be June 30th and not sooner, as WRN will want to incorporate this years drill result tonnage and value into the FS before the permitting process begins.
(bb-99)