Post by
trooper22 on Nov 02, 2023 12:56pm
Things might get interesting after PEA
Things might start getting very interesting once the last 5 assays are announced, PEA completed and mineral resource estimate updated. Grades to the west are coming in strong for the western extension as I predicted based on the geology and past historical data that was available years ago. Things will only get better, but as always nothing is a sure thing with these markets. My bet is that some company or companies may already be very interested in this property. Everyday there is always a wall up keeping the price between .04 and .045. I don't think we will see the price get any higher until all three items listed are completed. Someone does not want to see the price go any higher just yet, so I guess we wait and keep adding to the porfolio.
With the planned drilling in 2024, we will need to go to the market or have a company farm in with deeper pockets to bring this tier 1 project to the end or ultimately for shareholders, a sale of the property. A positive note, we do have a good amount of options coming due between now and April which may not get exercised.
GLTA