SimilarPurchased MOZ in Oct 2016 after DD and a potentcial Take Over Target reccomendation from Casey Research.
Casey also reccomended KAM as a Take Over Target to much success for me personally.
I find several similarities between MOZ and KAM.
At the end of January 2015 KAM was trading at around $.75, GoldCorp bought them out May 12 2016, 4 months later for 520 million or $2.62 per share. Who was selling? at 80 cents.Also, who was selling on May 11, 2016 for $1.90, when the share price jumped almost 1 dollar 12 hours later.
KAM spent well over a year doing infill drilling(somebody was interested) like MOZ is doing now, Did a unneeded financing and had over $ 20 million when sold.
KAM had a feasibility study of 2.8 million ounces at oxidized, close to surface, high recoverable ,low cost heap leachable deposit.
They also had to build a 120 km heavy truck road for access as exploration was done by barge. As well power had to be brought in from a local Yukon Grid (Exploration was done byDiesel). Also the work force is not readibly available and will have to do a Flyin Flyout work force.
MOZ should hahave a M&I resource estimate of over 3 million ounces at the next 43-101 report.
MOZ on the other hand will have to build a mill especially for the underground resources. The recoveries on the heap leachable of 75% are just not economical, but a Flotation Mill, although more costly to start with will show above 90% recoveries. I hope that the PEA recognizes this. (Money up front for the mill, but big payoff later).
MOZ has full access to the site 365 days a year, power grid right there and a work force right there ready to go.
Nobody knows what will happen, but I believe that MOZ is a great Take Over Candidate, I did well with KAM and am doing better so far with MOZ, but have not sold a single share.
I believe that MOZ is a clear Take Over Candidate.
Instituitions seem to be buying like they were doing with KAM in Jan 2016 and forward.
I am going to be patient, but looking at all of this and from experience, this may not be far from a buy out.
Ironship.