RE:New CompanyI TOO LISTENED VERY CAREFULLY TO THAT VIDEO.
KL IS GOING TO SPEND MONEY ON EXPLORATION OF BOTH COMPANIES ORX AND MIS TO THE TUNE OF 120M IF THEY LIKE THE RESULTS AND STEWART WILL FOCUS HIS EFFORTS AND SPEND HIS MONEY ON ACQUIRING MORE PROPERTY THAT IS IN CLOSE PROXIMITY TO THESE. ALMOST LIKE THEY OUTSOURCED THE DRILLING TO A SOLID MAJOR. NO ONE KNOWS AND HAS BETTER KNOWLEDGE OF THIS ROCK THAN KIRKLAND.
THIS PROVIDES LONG TERM SECURITY TO ORX AND MIS SAREHOLDERS BUT SOME WILL ARGUE WE SOLD TOO EARLY FOR 120M AND 75 PER CENT OF OUR CURRENT ASSETS. ON A VALUE BASIS THIS IS 160M FOR BOTH ASSETS... I LIKE THE DEAL BECAUSE NO ONE IS BETTER QUALIFIED THAN KIRKLAND OTHER THAN AGNICO.
I ALSO BELIEVE THE LAST HALF OF THIS YEAR WILL SEE GOLD MUCH HIGHER AND OUR EVALUATION WOULD HAVE THEN BE MUCH HIGHER THAN TODAY'S VALUE. GOLD SHOULD BE TRADING AT 2100 TO 2300 US$ IN MY MIND.
ALSO AS BEFORE I THOUGHT GOLD WOULD HAVE ROCKETED UP WHEN BIDEN ANNOUNCED HIS 1.9T DOLLAR PLAN AND THAT HASN'T HAPPENED EITHER. WHEN I READ THIS NEWS I THOUGHT WE WOULD MOVE UP TO 15 CENTS TO 25 CENTS EASILY BUT THAT HASN'T HAPPENED EITHER. INSTEAD WE CHURNED THROUGH SHARES.
I EXPECT WE WILL SEE SOME RESPECT SOON... GOOD FORTUNE TO ALL LONGS! LIKE A BUCK BY YEARS END!