TSXV:AAA.P - Post by User
Comment by
skip_rickon Feb 05, 2011 11:53am
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Post# 18081199
RE: Next leg up (Stag)
RE: Next leg up (Stag)Good points, Stag.
All will happen, just in what order?
With the PP financing out of the way, & the NI 43-101 just around the corner, & with everything pointing to the PFS (pre-feasibility study), my gut tells me points # 5 & #8 could happen very soon.
Rationale - Allana knows (confident) what they have - BHP being in their camp also has a very good read so, the JV with BHP or takeout (price TBD) will provide a large cash position enabling work to be done in Argentina.
Farhad did say at the AGM drilling 'may' start towards end of this year. I'm betting Peter MacLean & team have a decent knowledge of that basin as they have with Ethiopia.
Also, I believe Allana will spin-off its Argentina property into a separate company, possibly a subsidiary managed by Vale, BHP, Rio Tinto, etc??
Interesting thoughts, Stag - you started it. Let's keep it going.
Skipper