WiN Win Position for OX Although I am as frustrated as everyone else that my portfolio of OX has not performed to my liking,as Golden has said we are getting close to the finish line and this is not the time to pack it in.
IF OSK walk,Orex will be back to 100% ownership of 2 million plus ounces and the money in the coffers to prove this with a 43-101. This will be very attractive to several producers ...something we did not have 1 year ago and much easier to sell on Bay street.Market cap would immediately double at a minimum...probably triple,especially considering we are close to a new resource est.
If they don't walk ,to me this means they have to meet OX terms for JV ing the new property.If they only stick to the existing JV ,then OX can build their own resource outside of this area or farm it out in pieces to potential producers for exploration.
I really don't see how OX can get screwed at this stage...anything less and shareholders will vote out any BOD that has not looked after shareholders best interests.
My personal opinion is that OSK will make an offer soon and again it will be up to us whether we believe anything less than $1 is a good deal.