I was wondering if anyone could tell me at which point the company may be able to provide a rough resource estimate? Do they have to complete this "mapping" drill program first, find all the targets and do a follow up drill program to estimate tonnage (working toward the 43-101)?
I think that's the conventional process but is the company even able to estimate or give a ballpark figure prior to the 43-101? Would that even be legal or professional or does everything have to go in a certain order? Obviously the reason I ask is that I'm impatient and I want to know roughly what the potential is before the next 6 months preferably. I may just send an email to IR to find out but if anyone has insight on this I'm sure we'd all like to know.
Also as a side note regarding the NR being "late", I really don't believe this is an indication of bad news.
I can think of a couple of reasons about what may be happening though:
1) They are waiting for the lab to finish some assays (possibly from an area they think should be good) but the lab is backed up as always
2) They are still generating some of the material and diagrams etc. from the enormous amount of data they've compiled because this NR should be very large
I'm sure there are many potential explanations but its not really late. A month is late IMO but a week or 2 from the estimated time is not really late. I know most of us are waiting very patiently but some were getting riled up at the beginning of May lol. We have to be realistic here, there is a LOT of work that has to go into a news release and a lot of factors are involved. This should give us a better picture of what we've got but I'd really like those estimates regardless. This week should be the week though, hopefully!
Gamblor.