NO skeletons in the closetAll I KNOW and CARE about is there are NO skeletons in the closet that can reach out a squash us THIS TIME.
WHEN WE START GETTING DRILLING RESULTS FROM COYOTE AND VANDERBUILT it will do two things......
It will validate the SIZE of the deposit that we all believe is out there at MR while validating MR itself (again), AND the mining district theory. It will also lend creedence to the fact that IF THOSE THINGS ARE TRUE, GPXM is indeed severely undervalued.
WE can drill Coyote OURSELVES. Don't forget.....GPXM drilled 38,250 feet at MR in 2008(on budget @ $18-$22 a foot). The company said it would DO those things it was GOOD at and leave the other stuff to joint venture partners.
AT Coyote and Vanderbuilt you can BET that Scorpio will be OUR JV choice...... the mines/properties will probably become ONE and WE will end up with a larger smaller piece of the MR properties pie...than I originall believed we would.
SOMEHOW I missed the significance OF those two properties and how they would affect our future.
Coyote and Vanderbuilt MAY even ensure that we never sell our remaining MR interest to Scorpio - THUS to consolidate those holdings, it could be something like a 70/30 or 60/40 (WAG) proposition on the entire land package.....between us and Scorpio in the end.
Tom Klein is a troubleshooter..... he fixes things or extracts what he can out of a company and MOVES ON. ORIGINALLY he thought we were dead and the water - BUT WHAT he does is look for value and ways to save a company from bankruptcy - or he does a fire sale with them takes his piece of the pie and DEPARTS ....
HE DIDN'T MOVE ON FOLKS...there was NO fire sale..
HE'S OUR CEO.