Quiet around here now.I suppose this is a collective sigh*.
I guess the next date of note is about 17 days from now when we find out if this "deal" goes through. There is obviously a difference of opinion on this. Could it be better? Probably. I wish it was. This is not because I am against a deal with OSK. It seems like they would compliment OX and bring alot to the table. I just don't like the terms. Ironically, it doesn't matter if I do or not. We don't get to vote anyways.
I remember reading a few posts about how OSK was going to turn goldboro into "swiss cheese" with all the drills they are going to put on the property. Its possible. I don't know what the plans are. Thats part of the problem with the release. There simply wasn't enough information. I find it hard to believe that there will be more then 2 or 3 at a time though given that in the first year OSK is only contributing 1.5 million. I know its written down as a "minimum" and that OSK very well could do more, but its been my experience that when a minimum level benchmark is established, seldom do people put forth a larger effort for no additional gain. They do the minimum to maintain conditions.
The timeline is another issue too. Why 4 years to get to the feasibility stage and then another year for that? If the point of this arrangement is to be agressive then 4 years is contradictory. 18 drills making this property "swisscheese" wouldn't take 4 years either, even with the bulk sample in there. It seems that part of this timeline could be OSK's development of their own Malartic project. That should be completed and have a few years to get up to peak operating status. Once accomplished, additional OSK resources could be put forth to properly develop Goldboro.