RE:RE:RE:???????I think you are right, that is her intent, however I stand by the idiom "everything is negotiable, but not everything will they negotiate".
Time and the ability to raise funds are the natural enemies of junior miners. I assume that the lack of patience displayed here is echoed for at least some of the 80% friends and family. On top of that, the almost 2 million FT shares they issued last Sptemeber at $1.05 with a $1.15 option, expire this September. Unless something significant happens before then that is going to leave a bad taste for those that bought them (no matter the tax incentives).
I think Cynthia will make the best deal she is able to, but there are outside pressures that may limit her ability to extract full value.
I have often spoken about the Greenstone and the partenership between Equinox Gold and Orion Mine Finance. Orion Mine Finance is a part of Orion Resource Partners, a private equity firm with 8.2 billion in assets. With their interest in the Greenstone (and slowly divesting percentages back to Equinox at a tidy profit) I would be very surprised if they haven't done their due diligence on Laurion. I can see them being involved in an acquistion, and providing the financing for expanding drilling over the next couple of years as they then divest their stake to a major. Seems to be the playbook they ran for the Greenstone.
Like I said, I am waiting for the drill program. It will be very interesting to see how many meters and in what areas. Do they target the new Nish zone, go back to the areas with high concentration, or near the stockpiles and shaft?
I don't think it will be enough to attract a major like Barrick or Agnico. I think they would want more drilling, but for a private equity firm like Orion with a bigger risk appetite, with positive confirmation of the data, a very compelling proposition...
Time will tell.