RE:Metallurgical work complete ??Sent email to Paul/Sandy
Paul, Sandy,
Can you confirm the delay on completing the Rio scope of work – Metallurgical work should have been completed and released by now based upon previous communication. I believe that was basically the last thing aside from meeting with FN’s and Regulators.
I realize current maco environment is challenging…at the same time back when Rio/WRN announcement was made many investors (myself included) were lead to believe that the Rio due diligence would not take anywhere near 18 months. I believe Dale stated as such in a Q&A session --- this lead to unreasonable expectations and likely is partially the reason our share price is suffering. Again, I realize macro events are most likely primary driver but management hitting commitments in terms of timeline is also important. Many investors like me….are concerned about further pushing of timelines and further share dilution. I see the most recent update now has permitting planning to initiate latter half of 2023. I thought the plan was Q2 2023?
Can you please comment on:
- When can we expect Rio scope of work to be completed?
- Why the push of permitting timeline?
- Disconnect between why management (maybe it was just Dale) thought Rio scope of work wouldn’t take nearly 18 months --- but here we are 15 months later and now looking like it’s going to take 18+ months
- Status of when we expect current drilling on the anomaly to be completed
Would appreciate some feedback so I can make solid investment decisions in today’s environment!