A couple things could be next in my opinion, hard to say at the moment but may be news on Otago or resource upgrade at Redmoor.
Currently have a follow up exploration program to commence at Otago. Managment seemed confident in reducing our previous tenement and focus on this small section of land left. Either her they have no idea what they are doing and can’t afford to pay tenement fees, or the team exploring are so confident that they know what they are looking for and have narrowed it down to a smaller section of land. If this comes back with any sign of gold then we may see a big rush to get this project fast tracked.
Redmoor resource update also commenced and is due early 2018. This will provide an exciting update of our total resource and grade in comparison to other high grade tin mines. Just this alone will be more then enough to justify our tiny MCap at the moment. I’m pretty confident that we will see Redmoor go into production. Just a matter of wether managment can hold onto our 50% share and see it through, or sell ourselves short. will have to wait and see how they play it out but i will be disappointed to see Redmoor sold after holding this long.
Lochinvar still a while away and due to commence operation of drilling to test extensions to our current coal seam. This is set to begin in March I believe. Now even though this is a while a way, managment still require funding to begin these operations and said they would provide a source to funding once we get closer to the date. With current coking coal prices at a premium to what was used in our scoping study and managment continuously mentioning advanced discussions on Lochinvar, I can’t help but believe that we may be close on a deal soon which may surprise the market unexpectedly. All only speculation and just my opinion but if we want to see Lochinvar begin operations in March, managment would need to be securing funding or a JV deal very soon to ensure plans for fieldwork can be established.
I’ve still also been waiting on that advanced gold acquisition that managment mentioned a while back but never delivered on. I know this one may have been forgotten or completely disregarded by management but it’s still nice to dream that we may receive news one day with a nice golden suprise lol. Havnt heard much on this from recent announcements so may be dreaming for a while I believe.
Either way, may be a bit to look forward to coming into 2018. Will be great to hear an update on Redmoor and see what our plans are of getting this project towards production.
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