RE: Bids filling in again Some quick facts:
2.55M proven AuEq ounces in 43-101 --- what is the value? Certainly more than $5-10/ounce
Can't build a mine at La Mina without buying out BHV. So La Cantera, Middle Zone, and Garrucha will be all bundled together
Paul Zweng owns something like 10M shares of this, and is their "special advisor" - his track record speaks for itself
There are a lot of shareholders, like me, who have been here 3+ years and will wait for the buyout. We will know soon whether Garrucha has the potential for 3-4M ounces AuEq - early signs are good but it's too early
BHV has the best non-developed land package in Panama. Is that really worth zero? Will they get some sort of concession deal done? Sooner or later I believe that they will personally, but governments are tricky
IAG owns over 10% of them and are keeping up their stake
They have a deal with Anglo for Garrucha
Not many juniors are in bed with these type of major companies
We'll see what happens. As we all know these markets are unpredictable and it's been horrible for the juniors. Am hoping one of these days for an uptick. In the meantime we can drill and that's controllable - so that's where the mgmt team seems to be focusing. And they have the cost structure down far enough to drill into later this year without need for cash. I'm sitting tight and anxiously awaiting what we hear next! I've got little doubt we'll double again, and again - just need time and a little luck.