LOL!!!
No. That's completely wrong.
The rocks have in them what they do. That's just fact.
The work being done now won't alter that fact.
Metallurgy work focused on optimizing value in extraction... doesn't alter the values revealed by prior assay... any more than putting steak sauce on your steak "uncooks" it.
The persistent effort made pretending (hoping ?) that SRSR's rocks don't have in them what has already been proven to be in them a couple of time over... is simply THAT ridiculous.
However, the work being done now is additional progress... that may easily improve on the value of the fact in what the rocks do contain.
Decisions that are made... for whatever reason... still won't change any bit of the fact of what the rocks have in them.
HKHE opted not to complete the deal they were working on... for the reasons they did. Those reasons included that China tightened control over the money supply, throttling the prior pace of growth, slowing their economy, to fight inflation. The IPO market, in Hong Kong, had been frothy... enabling HKHE in thinking they'd be able to succeed in doing an IPO there. But, the timing issues and market reality meant that HKHE wasn't able to follow through as they'd liked to have done ?
The reversal in HKHE's fortunes... didn't change what the rocks have in them... ?
It's ridiculous to posture that it would.
Throughout the HKHE "exclusive" period, SRSR management properly maintained their focus on "advancing the project"... and the result was that HKHE's efforts, in spite of their inability to complete the work they'd intended, enabled SRSR in advancing the project...
Market fluctuations do happen. Decisions get made... timing works out, or it doesn't. But, progress made in advancing the project is "sticky"... and the improvement in value resulting from progress made... isn't altered by the market variables.
And, it isn't altered or undone by pretending it will be.
The deal SRSR is working on now... is a better deal than the HKHE deal was, in part... because the company sustained their focus on "advancing the project"... and did advance the project... in spite of HKHE's difficulties.
That's the right approach. The approach works.
Now, SRSR has made a similar deal with a different partner, that again advances the project in return for the grant of an exclusive right for a period of time... which now has them doing additional work in metallurgy that will contribute value as a bit of progress being made in doing the feasibility study... again without surrendering much of anything... but at the minor cost of enabling an extension in the exclusive period...
Neither that extension... nor any future decision made... can or will alter the fact of what the rocks do have in them ? The work in metallurgy being done now... will contribute some added knowledge... and that will improve SRSR's position, again.
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