RE: RE: RE: RE: RE: RE: RE: Preliminary Economic AI hate to admit but I think the probability of HBM emerging as a buyer of ORV seems to be somewhat diminished ever since they have decided to make an investment on AZC's Rosemont property whose copper project has around a 6 billion lb metal content insitu and anticipated net cash costs after Mo/Ag byproducts in the 60-70 cent range and the project likely will take a large chunk of their cash hoard to develop.
The speculation regarding HBM's next action will likely involve Nord Resources troubled producing Johnson Camp SW EX leaching operation since it is located around 15 miles away and the move would eliminate oxide capex costs at Rosemont which equates to only 4% of the contained Cu at that mine and if HBM decides to get Johnson camp will the company wait and take its chances for a bankruptcy or make a lowball bid offer for it.
EDV just got a 215 million dollar windfall today and it is likely they will be on the prowl for assets but I admit AVR probably will be its top candidate for purchase.
Personally, I would rather take my chances, let time take its course and see ORV remain intact.