RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Large Shar I'm not sure Kinross is as focused on this investment as we all think.
16% of a $75 million market cap is around $10 million.
They have billions of $ - this is a tiny blip on their screen.
I've spoken with VIT several times. They have no intention of selling the company down here or anywhere near these prices.
It would make the most sense to everyone to JV the property with Kinross, as they have all of the expertise in this geography, they can finance it really cheap and we could still see a good amount of upside. VIT doesn't seem to be interested in that either.
I think they're going to wait for approvals/mining permits (hopefully within the next 2 months) and then go for a mix of senior and sub/convertible debt.