Big PictureI appreciate evryone's point of view here. I've tried to absorb as much as I can.
When I take a step back and look at the overall timeframe and picture with Laurion, some things come to mind.
Back in 2017-2018 Cynthia and the team laid out a 3 year plan. They stuck to the plan and achieved what they set out to do, more-or-less. That leads me to think that what they say-they do. At the AGM last year, Cynthia made it clear that the next big step is to position Laurion for aquisition.
I haven't been around as long as some of you, but from what I can tell, Cynthia is as much of a straight-shooter as you come across. I've seen that she holds quite a good reputation, as does most of her team and the companies that she's partnered with (ie: DRA Global, etc.), indicating to me a ton of integrity throughout Laurion.
I also understand that COVID, etc in the last 3 years, it has thrown a bit of a wrench in her timelines (as she indicated at the AGM), but when they talk about the "end-game" and such, I find it hard to believe they mean 4-5 years from now.
I could be wrong, but I assume Cynthia knows a great deal about mining and what might be required for an aquisition of this magnitude. I think if they knew that they needed $40-$50M of further drilling in order to be attractive to a suitor, I would think they might try to raise some of it back when the SP was 3 times higher. Maybe they feel, if it's needed, they have enough to do it with the $$ they have now as well as monetizing the historical stockpile?
Many of you know a great deal more than I about this, so I would love to hear any feedback you might have. This is just my layman's take.