Just rewatched that JVR preso in London last week where he reiterates your point re DML ... and the unique situation of T3 and surrounding zones with “50 metres of sed and a calcrete layer” - and then goes on to say this is why discovery has not been made via rock chip samples, there is no oxidised ore and they are entering uncharted territory.
Also good background before on his experience with Hana Mining being cash strapped of which to the current $23m cash balance he says “thank god” - probably an indicator of why the CR was so big and at such a price, once bitten, twice shy.
He appears very excited by T20, will be good to DEA approval and rigs out there ASAP.
DFS for T3 March 2019, it’s going to be a big 9 months... as bad as the CR was price wise it really allows them to get on with the job and I’m excited with what will come. Bags are coming with this one.
