GREY:ESOFD - Post by User
Comment by
bridgetonowhereon Oct 04, 2013 11:06am
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Post# 21791109
RE:DILUTION
RE:DILUTIONIt's no secret that FCU's business plan is to find a deposit, prove it up, sell it and move on. Dev has publicly stated that countless times. The main complaint from some AMW shareholders with that plan, it seems, is that PLS will be sold before it's entirely proved up. What you never hear from those same shareholders though, is their estimate of how many years it will take to completely prove up the resource to their satisfaction. In the case of some mines it's decades before the complete extend of the deposit is known. So when then over a 20 year time frame is the optimal time to sell?