RE: RE: Per latest release, Weiko + ImuaunaNGG has stated explicitly in the past that if they drill up 3-5 million ounces at Imwauna they will entertain takeover bids. They realize that they are are a disadvantage trying to operate the projects themselves. A larger regional player like FCX or even OGC would be a better operator.
They don't need to get Imwauna into production for us to do well. If we drill up 3 million ounces and sell them for $300 per ounce, we have $4.5 share. And that's US$. $300 per ounce is realistic given the hude exploration potential that goes with it and the high grades which are increasingly difficult to come by these days.