RE: A truer value of Augen’s lands
Hey Wallyz...
It is obvious that you have taken the time to think this through.
However, I believe you have missed something...the prize for Trelawney is the 9 claim package!
This is the only reason that they have gone after GLD. As for the First Right of Refusal that Sanatana Resources has for the 9 claim package...this is correct....but...it only comes into effect if GLD was to enter into a "Joint Venture" on the package. This is not going to happen....Trelawney will own the 9 claim package outright after the deal is complete.
The Cote Lake Open PIt design will involve...at the least, one claim in the 9 claim package namely...claim # 3018490 and might also involve claim # 1246710. They need this land to the North..North West of Mega Hole E10-33...520 metres @ 1.44 g/t. The depth of the mineralization in this region of the Cote Lake Discovery now sits at about 550 metres and counting....they need the claims(s) to get down to the mineralization.
There is now speculation in Sanatana Resources but I believe at this point in time the only claim that they have a joint venture on that may be of some value is claim # 3011820 to the West of the Cote Lake Deposit. They can earn a 51% ownership of their claim package, but it will take years to fulfill their obligations to do so. Trelawney may offer them a deal on claim # 3011820.
I believe that Trelawney will review all GLD lands and most likely will Joint Venture out the Jerome Mine and North Shore Package....perhaps even make a deal with Sanatana to exchange their Joint Venture Package in the West Cote Grid for the Jerome Mine, North Shore Property. If this happens then yes, Sanatana will get a very attractive package which will be very market friendly. However, there will be a list of companies that will step up to make a deal for this package.....should prove very interesting.
In my opinion. Trelawney must concentrate on the Cote Lake Deposit and we cannot rule out another outcome....Trelawney will soon be bought out and Greg Gibson, CEO of Trelawney will move on....not empty handed by any means...millions upon millions of dollars. The Jerome Mine and North Shore Package will be more in line with his skill set and I would not be surprised if he starts up a new company and takes over the Land Package. If this happens I will be on board...to be sure! He will take the present Team and Directors with him...Nice!
I just love it!
Regards,
Digger144