RE:RE:RE:RE:RE:RE:RE:RE:Buy ARTEMIS instead of I80.....TomWicken wrote: ruby hill is greenfields.. you have 0 understanding of the story
twice as much drilling has been done by richfield and new gold and artemis on blackwater than has been done at ruby hill when excluding drilling at the main open pit which is not what i80 is developing..
no CRD focus in 60 years.. old timers didnt touch anything under alluvial cover and only took easy stuff
no underground focus as focus was on low grade carlin mineralization in archimedes before wall slip
no skarn focus as barrick and homestake werent looking there
no drills on paycore land except hecla in 1960s
that is definition of greenfield... you do realize
they have 270 million in liquidity with warrants and 150 million cost to put hilltop into production with it generating 100 million in FCF per yr which then funds autoclave restart
where are you seeing the funding gap and need for more equity raises
1) So, are you saying no more equity raises or alternative financing needed to get to first pour on any of the projects that are actually mined up to first pur plus any drilling or assaying on Paycore claims that may take place during the process...? How do you know this for sure as IAU is still in the exploration stage at these sites and haven't even produced a preliminary economic assessment on any site yet, much less a Feasibility Study....?
2) Past drilling done on Blackwater came with the purchase by ARTG - they didn't incur these espenses just as IAU didn't incur any expenses on past drilling or mining by previous mining companies, so the more previous drilling and assaying done by earlier mine companies at Blackwater, the better for ARTG shareholders as Blackwater has never previously been mined. I'll take that any day of the week.
Brownfield Projects:
"Brownfield exploration involves searching known or currently mined sites for additional deposits."
Greenfield Projects:
"Greenfield exploration, also referred to as grassroots exploration, is when new mine sites are located in unexplored or currently undeveloped areas."
Like I stated, the low-hanging fruit has aleady been picked at IAU's brownfield sites.
IAU plans underground mining operations. ARTG's upcoming single mining operation is big and open-pit. We shall see how much IAU ends up paying up to first pour of any one of their projects.
Finally, re. the ARTG Silver Stream: This does not kick in until ARTG is finished their build and silver is poured (same with the gold stream), so it won't cost ARTG a penny during the building of the Blackwater project, and thus won't affect the initial capex.
I win.