Post by
lifegoeson on Jul 14, 2021 10:04am
Quiet days of summer...
Gold up again today but it is the quiet days of summer, people on vacation, kids out of school, camping, you name it. Derek gave another interview discussing the short term weakness in price and mentioned that Phase II drilling will begin in the fall, also assays pending on step outs and from areas never drilled before. What he clearly said though, they believe Pilar is gong to be an economic grade open pit mine. They continue to step out economic grades from the main resource. There is also an update report from Rockstone, great overview of the current progress, comparables, and capital structure. The overall goal again reiterated by Derek is keep the share structure contained thus allowing for raising capital at the highest price possible with the least share dilution. I believe open pit production will set this stock free, but we aren't there yet. they have made excellent progress over the last year, I look forward to the months ahead.