RE:RE:2023 Management Information Circular Now on SEDARsw248, There can be no denying 2021 was certainly a banner year for Gensource executive compensation, so it is nice to see a more prudent fiscal management approach at very least until Tugaske project financing arrangement can be officially consumated.
With half of the recent $800K non brokered private placement funded by insiders, that also certainly provides for positive optics.
Now that June is already upon us, it would be great to hear from the corporation regarding a timeline on drilling their first proof of concept cavern, and if they are initially contemplating drilling a single horizontal caven with single injection and extraction wells to start, or are they focusing on the very complicated and expensive fan shaped cavern matrix as noted in their TR?
Gsp has some really promising formation targets that will likely yield decent extraction percentages to start, but drills bits need to be turning to capitalize on that.