RE:RE:Private Equity I think we can all agree that 10M GEOs isn't proven, but it is simply a goal the LME team has set. The FACT is that the drill results have come back favourable in that every hole drilled had some positive results. Companies dont engage DRA and DRA doesnt get involved with companies if there isnt a carrot there (or in this case hopefully a buttload of Gold)
BUT Say we somehow have a huge miss on the 10M GEO and only have 2M ( Again, I think our numbers are much more favourable than this) but even if we only have 2M GEO thats no reason to sell out and run for the hills.
Working off even a "bad" case like 2M GEOS you still have a company value of: 2,000,000 (GEOS)x$300/oz (CAD) = $600,000,000/ 256,810,000(shares outstanding) = $2.37/share which is an amazing return on the current share price if something happens in the next year or two.
Peronally I think the team has the 10M GEOs hence why they brough in DRA to help bring this over the finish line. The resampling is to validate and prove beyond a shadow of a doubt the results they have already achieved.