Hello Tony.

You asked, “If anyone would/could take an educated guess as to what would be the next steps should the bulk sample” be “positive?”

Of course, it all depends on how “positive” and, to what degree, the positive result points to a sizable and easily exploited deposit. So, I don’t have a direct answer for you.

Aside from that, one thing to keep in mind is: A exploratory company can get more than an incidental benefit from cashing in its Bulk Samples, so long as they are regular and continuing and contain significant quantities of Gold within them. From the Bulk Samples themselves—so long as the requisite high percentage Gold content is there—it’s not all that difficult to tap into tens of millions of dollars.

By not being, legally, in official production (but “Bulk-Sampling” instead) you can sidestep the worst of the environmental constraints (and the worst of the eventual capex). Klondex Mines is one example of how it’s done. Take a look at their Third Quarter results:

http://www.klondexmines.com/s/news.asp?ReportID=683154#sthash.sATqgb3T.dpbs

$38,012,787 = Three Month Revenue
$12,783,764 = Gross Profit
$9,807,219 = Income from Operations (solely from three months of “Bulk Samples”)

The third paragraph from the end of the Klondex Earnings Report contains a “Cautionary Note”: The first sentence reads, “A production decision at the Fire Creek Project has not been made by Klondex, as it is still in the bulk sampling phase.”

Klondex Market Cap = $305,590,080 = based on the Positive Cash Flow from One Asset
Fancamp Market Cap = $5,556,400 = based on the Negative Cash Flow from Many Assets