Taiga Gold Corp. TGGDF

SSRM - Exercising 60% of Fisher

[HornbyBay]

Personally, I see the report about SSRM exercising 60% of Fisher as good news.  The worst news would have been SSRM walking away - which would have indicated that they don't believe in Fisher.  SSRM has exercised 60% -- showing that they are indeed committed.  Now, SSRM has 1 year to make a decision about increasing to 80% by making a $3M payment to Taiga and having good faith negotiations about a joint venture.  Or, if they buyout all of Taiga (or at least Fisher), SSRM would have 100% less the NSR - no $3M payment or joint venture needed.  While I have no hard evidence to prove, my feeling is that SSRM wants as much of Fisher as it can get ... and also the other Taiga prospective properties in the Trans Hudson Corridor.  SSRM wants to continue to feed its highly profitable Seabee mill for years to come - and needs feed.  At least that is now I see it - closer to an eventual buyout.  FYI, I believe Bob Moriarity of 321gold wrote an article with a similar analysis earlier in 2020.

Disclaimer:  I own shares of Taiga, just my opinions, not investment advice.