Dev comments on buyout tNM: When do sell an asset like this? Do you use Hathor as a template?
DR: Oh, absolutely. I think you have to look at that. It’s funny, after they bought the 10% in the project from Terra Ventures to have 100%, boom, there was a hostile takeover bid.
You don’t really control that process. My biggest fear is that there isn’t going to be an auction. One potential buyer is a bid; two or more is an auction. What caused the Hathor offer price to go up so well was an auction, and it happened after Fukushima.
To me, the goal here is to get interest, and we’re doing that. I’m going to be meeting people in Japan at the end of January, then China, Beijing. There’s a group out of Russia now in Toronto. To meet with everybody, and make sure they’re up-to-speed on the geology, how the discovery was made, what’s going to continue to make it wide open.
So if someone makes a hostile bid, at least three or four other people around the world go, “Okay, I’ve done my homework.” They may not want to make a bid, but my job is to go out there and educate people on this deposit. Ross is out there making sure it’s drilled properly and maximizing the potential of it. (Northern Miner excerpt - published Jan 7, 2014)