RE: RE: RIC ?Very reasonable arguments CG.
However, companies that continue to drill up a resource over extended periods of time are valued far less than those that drill out an initial economic resource and use the resulting cash flows to expand both production and mine life.
Further, they are at risk of significant dilution and also risk missing the boat should the POG lose steam over the next 4-5 years.
The next 43-101 for VL is likley going to be above 1 million oz of higher than average grade bulk mineable ore.
That, imo, would constitute an economic resource that could be expeditiously placed into open pit production.
The resulting cash flows not only make MOA a much more valuable company but it would enable it to carry out the full definition and delineation of VL as well as its other projects.
This is my preferred route to share enhancement , but I would also like a buy-out of our 50 % of VL should the price be right............ansd that would be at least $2..while retaining our other assets..