OTCPK:ARTTF - Post by User
Comment by
wwadehammeron Oct 18, 2017 9:54am
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Post# 26825614
RE:RE:RE:RE:RE:RE:RE:RE:Who's got the Most Geo's In the Field?
RE:RE:RE:RE:RE:RE:RE:RE:Who's got the Most Geo's In the Field?TX wrote:
I actually believe that ARV JV lands hold much much more than 10mil ounces. But they don't control it and they have nothing but expenses for the near future. Basically, they can't go indefinitely against the NVO/KL cash machine. So DL's best business option would be to have ARV absorbed at join the more sustainable team. That's my view of the situation. Tx
I hope you're right. I just bought more ARV. If DL thinks you're right, then he has to estimate how much the dilution would be by sharing the profits with all of the Kirkland shareholders versus diluting ARV's value through PPs to match Novo's expenditures. If I were DL, I would stop spending money anywhere else and hope the assay results are spectacular. Spectacular results drives the SP higher which reduces future dilution costs. It's certainly a cat and mouse situation. Does the mouse have enough patience to hide in its den until the cat gives up or does the cat reach a paw in to grab the mouse? Should know by the end of the year although I think the Cat will make a grab in the next 2 to 3 weeks.
As a final thought, If I'm QH and ES, I'm in house assaying those diamond drill holes to help estimate the amount of gold and could care less about using them for a resources estimate.