RE: RE: RE: Deal?IMO, it'll take a lot of work to repair the damage done in the last year or so.
If (and this is a huge if) the present encumbents resigned en masse without a protracted batlle, IMO there'd have to be a lot of money and and equpment change hands to make it happen.
The company needs $75 million to move to prefeasibility. Right now, with maybe $3 million left in the bank and 83 million shares out (3.5 cents a share), Mr Market values MSQ at 40 cents.
Remove the BOD, the cash and Vicore/Kirkness, and I can't see the market adding anything to the blue-sky potential of MSQ (it's show-me time in the markets).
Replenishing the cash (at least $10 million, IMO) is going to take either a PP or an advance.
Majors aren't noted for their generousity to early stage juniors or their shareholders, so that PP will likely come with a price tag of 50 million shares at 20 cents, or else maybe by giving a fairly large chunk of the property in exchange for a prefeasibilty financing promise.
And that still leaves another $65 million to go for feasibility (if it's the PP option)...and a couple of billion to build the mine.
When and if Cumo goes into production (and I gather that'll be at least six years from now should the BOD vanish, a major investor come on board, the exploration permit hold and the building/operating permits come through) I don't think that there'll be too much upside beyond a buck for existing shareholders...and that'll likely be a long time coming.
Too much money wasted over the last eight yearts on non-Cumo matters, IMO.
While there may be massive profits from Cumo some time in the future, they'll go to the companies which put it into production and finance it; to those getting options granted to those who will help put it into production; and existing shareholders will likely be diluted out of existence.
Go see my post about Barkerville Gold...and it doesn't come with a $2-billion price tag.
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