Yes imo it is. But im quite sure we'll see those results before xmas. The word from one attendee at the Agm mentioned the comments regarding the last hole werent favourable. Oh well 130k spent for no goodies.
I think 2019 will be a very tough but very progressive year for KRR. Getting low on funds now.
Mt Remarkable hasnt really been as Remarkable as first results would have led us to believe.
I dont think we will see a conclusive PFS on the Vanadium or the Fluospar until the end of 2019, reason being that the company hasnt yet worked out the most favourable way to process either deposit yet so cant possibly factor in costs or margins.
A Capital raise will be required by the end of the first quarter 2019 imo, actually im sure of it. It will cost more than we presently have to continue Met testing, and drilling MR, thats if they actually want to keep looking at MR. Then there is the expense of a drill campaign at Tennant Creek. They still haent announced that the other new Kimberley leases have been granted yet either. But atleast there is no expenditure costs involved until 12 months after they have been granted, $40p/ha
Markets are down, manipulation and accumulation is rife. Sentiments are extremely cautious atm.
KRR will forge ahead but is a sitting duck at present.
I would be very disappointed if they dont start drilling at Tennant Creek first quarter 19.
GLTAH
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