The thing I like about this report is this, "We look forward to further update the market shortly on the completion of the infill drilling program, BFS update and other corporate initiatives".
I believe management are confident that the drilling results will firm up the 'inferred' numbers as per the ill-fated PEA released late last year. That PEA showed a NPV of approx. 15 times the current market cap.
I also think the Brazilian gov. will financially back the project because of its strategic and social benefits.
Ann: Tres Estradas Infill Drilling Program 70% Complete, page-4
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