RE:RE:RE:Updated Drilling Results, April13,2022seashark00 wrote: The majors won't be buying until there is a lot more work done. At least a PFS.
You are right that majors won't be buying until there is a lot more work done HOWEVER the owners here won't be selling before there is a lot more work done to unlock much much more value. Expect the completion of this 400K drilling program followed by another in 2023/2024.
You are incorrect that you need a PFS. You don't. You often don't even need a 43-101. In the case of NFG you will not see a 43-101 which covers their entire property as that would take decades. In the future expect targeting of one or more zones for an initial resource estimate followed by a PEA/PFS. You may also see a 19% investment by a major at some point as I have seen that scenerio before.
So my point is you do not need a PFS for an investment by a major or majors.
GLTA
BC