They plan to do more drilling soon at Federation (the first 4 holes only hit the halo of the suspected deposit).
Us being fully financed, what I don't get is why they are not currently drilling at the CoCu prospect (even with cobalt prices at $12 thats still a lot more profitable then copper alone) - it is so close to Nymagee North and I have a hard time imagining drilling riggs being hard to get atm. Maybe they still need to get some permissions? But why should the situation there be different from Federation?
That said, I am more than happy to have his kind of problem: which of many promising prospects to drill first is a win-win kind of problem ...
YTC Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held