RE:Confused with KTN as usual
Thanks for the update on KR shares- I also have some in a registered account and was hoping they'd go public before I was forced to move them out. Regarding management, they were needing cash for the next phase of drilling on Columba. Obviously capital was hard to secure as we see how cheaply they had to sell shares (and warrants) to raise it. Big money is still out on PM. I'm not happy with the price point, but I expect the cash will be put to good use on an aggressive drill program on Columba. They exercised the option to increase their claim to district size, 10x their original plot, so there's a lot to explore. The grades have been phenomenal, with veins running out in all directions and open at depth, and they must have seen reason to expand the claim. There's already over 100M Oz at high grade, and I suspect they believe there could be much, much more. I also suspect management is waiting on silver price to increase before putting out a PEA on La Cigarra and RE on La Negra, both of which had been planned since Jan 2021. Between the three properties they likely have about 200M Oz of high grade silver (M&I) right now, with Columba having potential for much more.