Post by
Donwaan on Nov 08, 2022 12:54pm
Patience grasshopper
Stockhouse: No news often means buried bad news, but in Arctic Star's case, the never-ending delay is just that -- a never-ending wait that has Mr. Power, president and chief executive officer, as frustrated as his backers. The problem -- the slow pace of processing at the Saskatchewan Research Council in Saskatoon. . "Fusion is easy," Mr. Power says, referring to the dissolution of the drill core, but what comes next -- the skilled and tedious process of picking the diamonds and other grains from what it left is time consuming. And so, the wait goes on, and as it does, Arctic Star's ability to raise cash for a busy 2023 season is hampered. "We have to raise money, so this pisses us off," Mr. Power concedes. "Buddy and I are really serious about what we're doing here," Mr. Power says, but that seriousness carries a hefty price tag, one that approaches $10-million if all goes to plan next year.