FOMO traders are being slowly replaced by value investors who...

FOMO traders are being slowly replaced by value investors who can sit it out for the long run. Managment’s interests are very much aligned to the value proposition here and they will be working to raise money at the least dilutive levels that they can manage. I’d be surprised if they raised again before the concession extensions are granted and before they drill the down plunge holes from more amenable collar positions in the new land to the northeast.

Today’s announcement also demonstrates that the community is well and truly behind the company, which is an important element to the story. Also sometimes having a more archaic and less developed system of mineral land titles has its benefits as things happen quicker due better and more direct access to the decision makers. This is a very positive announcement for shareholders today. Also the fact that the extension is an expansion to the existing concession agreement and not a new concession agreement application indicates to me that there is flexibility in the law which bodes well for people concerned about the short time frames around the first exploitation condition. It looks like flexibility is possible with these concession agreements IMO. Esh