RE:Assay resultsNo insight on why it is taking so long -- however -- in the response to a shareholders question of a week ago - IR commented that they could not release any 1/2 core assays until the lab review was complete and the results published.
Based on the wording, I am speculating that they continue to receive 1/2 core assay results that they are using to help define future drill hole locations and understand the geology etc. but these are being held back from publication due to the review.
This would also be consistent with the many statements made in PR's about releasing batches of assays versus one at a time.
It's also consistent with zero - nada - nil INSIDER trading filings since 4Q 2021 despite several bonanza grade PR's issued already in 2022. If they have been receiving 1/2 core assays but are unable to release them publicly than they also are not able to participate in the deep discounted pricing of NFG shares currently underway.
I believe the rules are such that they would have to release the results of the lab audit AND then release all meaningful assay results already in company possession before anyone associated as an INSIDER would be allowed by the SEC to buy or sell shares.
Lastly the above would explain how they have been able to keep 10 drill rigs running continuously. If they are receiving feedback on the cores and they have $100M in the bank -- the impact of assay review process is psychological for existing shareholders but would have no effect on the operation of the business (other than IR must be awfully busy).
What I would not want to see -- is that after all this time they rush out a report that hasn't had every sentence i dotted and t crossed. The review may be a waste of time but the professionalism of the final report will determine how instituations or other miners view the competence of our mgmt team.
So -- mgmt -- get it right but also get it done!