Columbus Gold Corp CGTFF

RE:Moriarty onto Something?

[AltaRounder]

I'd add one more reason Nord Gold may want to sell FG.

Before the BFS came out, about 3 months ago, I saw Guistra on BNN who was talking about the JV optionality of being diluted down to a lower, but valuable interest, by forcing NG into funding a higher Capex commitment. When I read Guistra's BFS comments regarding the next "LOGICAL" step - perhaps they are more aligned than many of expected.

"In parallel with additional drilling, Columbus is evaluating a number of indications of interest it has received to fund mine construction, the next logical step for the development of the Montagne d'Or deposit."

Just more musing, but any potential buyer, including Nord probably want no streamer involved given the heavy pound of flesh they demand on Bluesky Ozs. I don't think CBG would go that route but its one more card we can play, and may actually speed up the interested parties into action. I also don't think Nord would have allowed CBG to talk about "infill drilling" publicly unless it was going to happen at some point. (being a good JV partner) 

One thing I've been curious about was why CBG took so long to get FG 2017 drilling to the East and West of the pit going, given they knew when the BFS would come out. I don't know if it was money, weather, permiting or bad planning but not starting till Feb 10 wasn't ideal.