Post by
Gold_Bullion on Apr 20, 2021 9:47am
Get Ready for Lift off
I'm not going to attempt to provide the personal reasons why Maryse stepped down. It's too bad she did. I havent sold any shares. The asset has not changed. CEOs can come and go, but the project doesnt change. It's why Barrick controlled these pieces for decades with multiple CEO changes. Note there is also a strategic reason why it wasnt included in NEVADA GOLD MINES. Augusta still hasnt released any drill results to date. Corvus CEO confirmed there are 3 rigs on site at Augusta grounds. Augusta Gold is being discrete and it's similar to Anglogold on the east side of Beatty where they've been dodging questions on their large major discovery for years. It's +10m oz big with neighbours that will probably become a superpit many years from now when multiple pits are combined together just the way Kalgoorlie was put together. I know there is much more to this district as a whole.
I listened to the Corvus CEO in a recent interview talk suprisingly about being bought out. Without naming any names he mentioned his preference for being taken out by a major producer (think Anglo) for shares so that he can spread out his exit over multiple years with liquid shares as tax advantage. He prefers this over say an explorer/developer who's shares are illiquid (think Augusta). There are clear synergies for a combination. Corvus maintains that they're going to be the first mine permitted in the area. We'll see how this unfolds down the road. Augusta Gold presentation slides show accretive M&A as one of their top objectives. So more consolidation is coming imo. I believe it will unlock even more ounces to be discovered. Corvus also holds one of only a few gold names listed on the Nasdaq. That's got Augusta written all over it imo as we enter a major bull run to make this gold co. even more rare.
Solaris traded within a range before announcing major drill results and they havnet looked back.
Get ready for lift off.