RE:re upcoming months
The DFS was awarded Nov 2023.
My understanding is that the PFS was delayed 6 months because they pivotted to the phased approach mid-way through the PFS preparation, which naturally delayed completion. I don't see that as an issue anymore as they have a pretty clear path to production now.
So I see this all rolling loosely together by the end of 2024.
I would love to see more drilling but I doubt the risk/reward tradeoff is a good one at this stage. It's money spent proving up an asset that already has a remarkable NPV, an NPV that has attracted a deep-pocketted, highly experienced global partner. Every project has disappointing holes and this isn't the time to bring one up, especially with cash burn being an issue until the next tranche becomes a reality.
I'd love to see someone go rogue and drill holes for 70 kms because I don't think there is only one Spark on that run. This is going to be multi-generational and I'm excited to be on board.
When DO we get to see the fine print on the Mits deal? Anyone know where it can be tracked down?
GLTAL