RE:RE:Upsidei think you guys are both on the right track; but there is room for differing opinions in this project.
this is a local (yellowknife) exploration project. good partners- great considering its yellowknife. its a fun story in a great mining district, with ZERO exploration interest ($$$$) right now. local guys who had careers doing this, retired and are now on this project.
these guys are exploring. they will make no money doing so. inefficient exploration vs production and geography will make it so. they need to prove up 3-4 m ounces to gain any actual interest from an jnvestment partner imho.
they have a high grade vein at depth; mine it it and it pays for exploration, follow it as deep as it far as goes. this is the investment thesis for MOST grade 1 mines.....NWT is just a few decades behind.