RE:RE:"tried and true"? —QH on the MOY millburnisher wrote: SS, We simply dont have all the info. That 67M IMC plowed in could have been any of several categories. It could have been outstanding invoices.....in other word, pending liens. So he paid of creditors to have his title which would have allowed him to proceed in any direction. It could have been something else. It is no small sum. And since we think the oxide section was ideally suited to the BC ore.....and the new section with the Pinox is rather.....testy and subject to the MOY patents.....this is likely for the future. Hell, the 67M could have been put out into any number of things to help IMC get a clear runway to make their plans.
I suggest QH hires the very best consultants available when his own forces come up a bit light in the solution category of efforts. I like this. And as I have stated in other venues, having QH on other BOD is a form of invaluable currency. Information. QH is exposed to the biggest and best opportunities going forward. He need not be far off from autopilot to control things. This is my perspective. I truly am not trying to convince anyone. But I felt compelled to list a few thoughts.
Best regards to us all.
I agree, @burnisher, that's why I specifically said "the better part of $67MM." I think it is a reasonable inference that >50% went to the mill. But I also admit that may not actually be the case. It would be nice to know exactly. Perhaps that info will trickle out over the next few months, kind of llke the way info trickled out regarding SGS assays back in 2018, long after the facts.