RE: U308 Continues > candle"Hop -- I'm in agreement with you. But my question is what forms might it take if the company tries to sell off Torlon alone? A spin-off of stock, an out and out sale and distribution, or do they simply bank the money and sink it into some other property as 'investment' -- ?
IMO, the job of any successful junior is to find and prove out a resource. For the most part, major producers don't have the budgets to do this nor do they need to with so many juniors doing it for them. IMO, the Torlon project needs to get to a feasibility study(sooner than later). This study could be a Joint Venture with a major. If they go it alone it could take a long time to prove out and could be worth less than it would be in today's marketplace.
Either way, with a proven resource the idea is to sell the majority of it, pocket the cash for more exploration, and hold on to a royalty percentage to ensure future cash flow.
Timeline? Well, zinc is hot, so it is my humble opinion that they partner with a bigger fish and accelerate the feasibility study(NOW!). IMO, if it is a real resource they should have no trouble doing this. I have seen it happen in a matter of days when a "real" deal is presented... sometimes it happens overnight with the right drill results.
December 1 is long enough to find a partner, IMO. If they can't offer a definitive plan by then I will sell my position (unless we are above .50 and remain above the 200MDA).
have a good weekend all!
and, good tradin'
-oldtimer