They are doing further exploration drilling now in order to increase their initial mining rate to make it easier to get funding. We can all thank previous management for two years of wasted time. Looks like they were wrong with their plan to do minimal drilling and get to production as quick as possible and then do further exploration at a later date. Im not sure if more exploration is happening after a resource upgrade is calculated based on the current drill program but once drilling is completed, they will have to revisit the feasibility study then look to gain finance before commencing construction. Still a way to go before production starts
NVI Price at posting:
$1.08 Sentiment: Hold Disclosure: Held