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I'm assuming Canaccord is probably dumping their warrants (at a 50% profit) We'll see what happens after they get that out of the system. A bit of public buying and I would imagine they could be getting an even better price. Again, have to wait and see. Cheers
I'm sorry. I swore when the PP originally came out the commission for warrants could be exercised immediately. Which I thought was unusual at the time, instead of four months. Now i see it is four months. Been a long day.
Thank you Stemuliteworks, it is a good read. Regarding the issue on acid generated tailings, I understand why there is some confusion. As per below you will see an excerpt from ivs's 2019 July 9 news release. I added additional bold highlights:
• Environmental test work on the gravity plus flotation tails returned <0.05% sulfur and indicated residues would not likely be acid generating. • These results are very encouraging because it establishes that gravity and flotation processing is probably the preferred treatment method and effectively manages potential environmental issues. “Our objective with this work was to demonstrate that material from Pardo can be processed at a variety of process facilities. We discovered that low cost gravity plus flotation is highly effective at producing two gold concentrates that would be readily marketable, and that any environmental concerns about the resulting tailings are alleviated,” stated Stefan Spears, Chairman and CEO
I think it is fair to say that "most likely" has developed into "will". All fine with me. Schneps offered some solutions to this so well see what they come up with. Either way, I am looking forward to this sock drawer stock making some great gains in the next year or so.
I know they are looking at amending the EA for Black Fox to accommodate the Pardo materials but also looking at a flotation circuit. Black Fox already produces at 97% recovering in the mill so not sure if they go that direction. An amendment might be easier. It just takes time to get through permitting.