Post by astrorbiton Apr 05, 2023 7:07pm
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Post# 35382133
Trap door exit. POTENTIAL #3
Trap door exit. POTENTIAL #3The exit opened up. Well,another season of drill results Gone.
Waiting until Q4 2023 for early results then a long wait until all results of 2023 are out.
There is no tangible reason to hold this.(ceo mentions discussions about a way to be non-dilutive)
It would have to be very soon.Discussions were mentioned in late 2022 as well so it would have to be late stage discussions.
MSALABS will probably be selected again(will it be a quicker turnaround this time)
Still talk about "potential" "size" "scale" "land package" "opportunity" "lots of targets" "2nd mineralized event. "border of another style of deposit"
In 2026 is the 3 year horizon to confirmation.Now,imagine waking up in 2026 and ceo still talking about potential. 6 years total wasted.
How much $ left 2M($ going into salaries not in the ground)
Any share financing will destroy all current and ceo holdings.Guess would be $5-8M
May 2022 financing was $10M and a year later down to 2M
At this current drill metre pace it will take 5-10more years.
That is if Endr is still active.
Remember $30M(# mentioned by management to confirm a deposit)
There are still outstanding DIAGRAMS&SCANS YIPPEE!!
A news release about more targets that need to be tested.
Will revisit this post in 2026