No Pain, No Gain! Now is not the time to panic, PAAS obviously does not have the financial clout to manage 3 new projects. Look at PAAS's PEA, what has changed to make them change their mind?? Nothing, they can't afford us!! This happening was always a possibility and I really believe that Fresnillo will gobble us up, with one JV already in place with Cope for Coneto. It was interesting that as part of that deal Fresnillo wanted first pick on any other Orex discovery, they rate Orko/Orex as explorers.
Yes it won't help your evening meal go down any easier, but you have to believe that producers with bigger pockets will scoop this one up in short time. The new resourse estimate and PEA will result in the true value of the project being published when it comes to any buyout.
Cope obviously knew this was happening and already has had discussions with other interested parties. It will obviously take a while for companies to do due diligence, but let's get real here, this is the 6th largest silver resource in the world. PS Be nice to the dog!
Just wish I had kept some gun powder dry for this sale.
Fact is we will be sold for a lot more than the current price. So the only question here is whether you sell and hope it goes lower to get in cheaper. I have waited long enough, so will buy more