RE: RE: RE: monthly pricingNo competent CEO will buy a mine under development unless there are exceptional circumstances.
Why would they stick their neck out when they can just pay another billion when the mine is producing and generating cash.
I think the serious look at this company by potential suitors will start at the end of this year. Cline will become a prime takeout target when New Elk reaches 3.0 mty. I'm hoping we reach that production target in early spring of 2012.
Given all the risk out there, I guess management's decision to raise enough capital to get us to early 2012 may turn out to be a timely and wise strategy. Well done Ken.