Post by
SethGecko on Nov 21, 2020 10:02am
Morning Joe
Whether Kl or anyone else jumps in depends on future drill resilts. If results are too good to ignore then wm will be in play. For the time being there is no resource estimate and its early in the game. Wm has plenty of cash for now so I expect the majors to just sit back and watch them put that money into the ground and see what develops. Better wm's money than their own. If stellar results are not forthcoming then wm's price drops and someone like kl will takes them out cheaper, or not at all. Or, when the money runs out watch KL continue the creeping takeout that they began with the last land deal. I think Kl would like to tie up the ground at some point regardless as they want as much unexplored Sunday Lake ground as possible to feed a hungry mill not that far away as the crow flies. But they can play the waiting game providing another company doesnt make a move.
From what I understand, wm has all the infrastucture they need to mine and mill elsewhere, as thats what they did previously. A hydro line at some point would be nice. I believe I read its 15 km of access road off the main hwy. I could check that with Jamaica Joe. A decent camp would need to be built, along with a shaft at some point to get to the lower mineralization. The thing is that wm cant assume that there will be a buyer. They have to proceed as if they are going to remain independant which means permitting to build their own mill, tailings area etc, or trying to get their hands on Abcourts mill, or custom milling elsewhere. They have to proceed as if thats the plan, short of starting construction.
KL is of course the most logical buyer, but Aem, and Yri also have mills in the Malartic area and might want feed. Then there's the pog. If the pog takes off things change from the perspective of a buyer.
Kstock, aka PIDW, you and the too live crew of stoners need to get your shiit together and start producing at Macassa instead of nodding off during your shift at the end of a stope. I think Tony needs to clean house and fire both you guys as well as your bosses. Youre all brain dead. I would tell him to go across the border for manpower. People with a proper work ethic.
Fc, you arent even worth arguing with youre so fkn retarded. Read and learn. Then again you have selective retention:
https://www.cbc.ca/news/world/trump-2021-legal-challenges-1.5794891
Seth
Comment by
SethGecko on Nov 21, 2020 10:49am
Then tell me greek, what are the current resources? Seth
Comment by
SethGecko on Nov 21, 2020 10:54am
If its too early to tell me what the resource is then its also to early for a buyer to jump in. Its not 1987. Seth
Comment by
TheGreekGoldGuy on Nov 21, 2020 12:02pm
Seth, we don't know what the resources are right now, but we do know, that they are getting much bigger with every new drill result. When gold is over $2000 next year, I think we will find out more about the Wallbridge resources znd plans. The Greek here, just following the money, Sprott that is.
Comment by
SethGecko on Nov 21, 2020 12:52pm
For arguments sake because its almost Friday I believe the latest results although good are infill which does not expand the resource. As for the pog heading over 2000$ thats the narrative as everyone regurgitates the money printing argument but the fact is theyve been printing money forever. Gold is old and will move up when it feels like it. Seth on meth
Comment by
TheGreekGoldGuy on Nov 21, 2020 1:15pm
LOL, who knows? But here is what we do know, on November 20, 2019, gold was at $1420 and it closed thge year at $1698. HMMM. So now we are at $1869 and probably a Socialist with Dementia running the country. The Greek likes thne chances of Gold hitting $2300 or higher next year.