Post by
TFSAfunds on Nov 16, 2023 12:05am
So, mine building it is...
Clark, in that interview, has pretty much laid to rest the thought of a buyout! McLeod has been brought on board because of his expertise in building mines, not selling them. Clark says the BoD now has the experience and know how for that task. Clark also said that the Company will be looking for money sometime next year... does that mean some or all of the $180M USD start-up capital for the mine or just additional working capital for further resource delineation and preliminary legalities associated with a mine build? There goes my instant gratification! So how do you folks think the S/P is going to move over the course of the next 12 months or so? We obviously can't do $180M USD at current levels... Here's hoping that updates to the RE and EA (dropping the P of PEA) causes a nice bounce!
Comment by
TradesInc on Nov 16, 2023 12:03pm
Share Price should move a lot higher on a Spinout Shares Update unless Management let's us down AGAIN...lol. As far as Resource and Economic Assessment Estimate. 5 year Base Case industry Gold Price is now $1,711 USD. Up from $1,565 USD used in Original Cabasal PEA. Copper Price Base Case now $3.77 USD up from $3.59 USD. This will signigantly add value to the updated resource.
Comment by
TradesInc on Nov 16, 2023 8:53pm
TFSA. Long term shareholders invested in MNO because of Espiago and now this SPINOUT. It frustrates us that Management has a case of Lock Jaw on this Asset....lol. Jaburi has the Potential and I believe it will be a World Class IOCG development with proper guidence. Check out SOLOBO Copper/Gold Mine. Dare to dream Baby!