RE:RE:RE:Presentation FeedbacksBasically walked thru a presentation and answered a bunch of questions.
In no particular order
The underground potential of the deposit is hugh and that the deepest hole they ever drilled was only 550 meters.
They now have shown narrow high-grade material 1km to the west...not the usual wide intersections that we have seen...not yet anyway. This material dips to the east under the 2 pits, so kms of strike length potential for underground yet to be drilled.
This deposit type can go 2kms deep...so hugh potential at depth with 6 - 7gram per tonne material.
A new resource estimate coming with additional ounces probably mostly new inferred ounces till the next round of infill drilling starts. They need to do a bit of work on the 3D Model adding the latest drilling, then start the infill drilling.
They will also look at potentially drilling new targets in the new claims area.
Last drill numbers will be out in the next couple weeks.
In full cost reduction mode across the company.
The locals and Mi'kmaw are keen to see this start biggest complaint...why is it taking so long!
Agreements with the Mi'kmaw are in final stages.
All permits are moving along well.
Financing difficult at this time...debt and equity....debt easy, equity tough...they are looking at all equity options available.
All I got from watching today.