Van een ander forum over VZLA. Is ook nieuwe november presentatie
Had a great conversation with Michael today about the company. Here are some cliff notes:
1. Almost 17k meters of drilling is done so far, the company should hit the target set out at 31k+ meters
2. After this year's program, we should have around $25m left in the bank, so next year's program is well funded.
3. Next year's drill program should be at least as robust as this year, maybe better.
4. The 5th drill rig was deployed to the Tajitos zone as they think there is a great potential to expand the resource there.
5. They are hoping to add more drill rigs next year in order to define the resource faster, which will help them justify exercising the production option for the $23m.
6. Ballpark timing for production could be as soon as 24 months, although I told him i was not going to hold his feet to the fire about an exact time, this is very quick in this industry.
7. Napoleon zone is the most exciting to the team, they think there is a lot more potential there, and much more drilling that needs to be done.
8. CORDON DEL ORO VEIN offers big upside and is being drilled by a man portable drill rig, which is taking alittle more time due to topography.
9. Assays are taking much longer with labs being busy due to covid, not a big surprise there.
10. The are working hard to trying to define a resource model for Napoleon and are thrilled to have their new geo on board that has experience with PAAS.
11. They are working with the vendors in the area to keep consolidating the land package.
12. If you got this far, congrats! My suggestions included:
talk more about the gold intersections as I believe many are missing this part of the story
asked about insider buying, and said it needs to happen to show faith
talked about mentioning to Eric Sprott on the podcast
talked about getting the word out more often to more place to stabilize the share price.
Great guy, good chat, and I hope to speak with him again in the coming weeks. If anyone has questions for me, feel free to dm me anytime and I will try to get an answer as long as its not material info of course.