RE: RE: RE: RE: RE: re-eag Kewl2
and it was stated earlier that the original hostile action was financed at 25% by unknown (Vulture group?) lenders
There is is no factual data(including the latest MAO report from Dec. 2012) to support that statement. Zero financing was involved in the change of management at MAO in July 2012.
even with a doubling of inferred resources and a newly acquired mill that does(not???) have enough stock to run at full capacity --> how exactly are long-term MAO shareholders expecting to even remotely come close to break even???
I am counting on the Windfall Lake 'mine' to provide a substantial amount of proven feedstock for the mill.(sorry I am an MAO shareholder)
The Maudore Osbell deposit also has proven open pit feedstock.
Right now gold in the ground is worth less than $ 25 oz.
Once Maudore starts to deploy the $35 M(financed at 15%) on the EAG and MAO deposits to derisk the project. The merged company should become an attractive take over opportunity for a major gold producer who will have to pay over $100 oz to get the merged company.
As long as the ounzes per share stay the same, theoretically, the share price should go up 4 fold. I am also counting on the junior gold market in general to improve over the next year or so. This should drive up the value of gold stocks with proven reserves.
It doesn't hurt to dream a bit in todays market.