I think it is worth waiting for the Viking drilling.
Company has cash and have forecast $3.5 million on production spend for the quarter. Surely they are not spending that for zero return. Even if they make no money from the Lenora exercise (which I highly doubt) they have $1.7 million to go on with at Viking. I'd say they'll have $3 million cash minimum by end of March. They've said the grades on those test batches have reconciled better than expected.
They are talking about resource drilling at Breaker2 and that's even before they throw the first RC hole down to test the fresh rock beneath those results they have. I'm taking a bet on there being a decent resource at Breaker2. Will have to wait and see. Esh
Ann: Quarterly Cashflow Report, page-3
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