RE: RE: financings in the junior mining sector "It's funny how market has changed.... now everyone is talking/keying on Kiaka South drilling results as if VTR is doomed if results from the Kiaka South come up short?!"
I get what you are saying but I take exception as to "why" the focus is on south Kiaka. That is, no one is thinking that Central Kiaka is doomed if south Kiaka is a small high gold deposit. Even if less than 500K ounces, the deposit will better the known economics of Central Kiaka and lesson the pay back period. Going forward, that is the worse case scenario as it pertains to south Kiaka. But what if this higher grade deposit is bigger than 500K ounces? Bigger than 1 million ounces? Bettering the economics and lessoning the pay back on Central Kiaka aside, higher mineralized amounts would also change the entire financing picture. A good example here would be bank loans as opposed to equity financing. A better example would be more in the way of interested parties to arrive at financing given current market conditions and at better overall terms. That's the jest behind those "potential game changer" comments imo. In short, good showings at south Kiaka would place Central Kiaka on a clear path to production and this catalyst just might get the stock price moving. As such, I sit here and wait in anticipation of the drill results.
There is another area to watch and that is the recently acquired properties north of Central Kiaka on Feb 15. On Jan 16, a few holes drilled north of Central Kiaka indicated that mineralization extended to the north east. Rabdgold had indicated some areas of interest. Whereas ground work is being done to ready a drill decision, the properties of Tanema, Yibogo and Nakomgo places VTR much closer to ORE's deposit. If something economic, this could very well better the synergies between these two companies. IMO, that's another reason why south Kiaka results are being watched closely. If VTR and ORE were to merge, Central Kiaka could emerge as the first property to be placed into production especially if south Kiaka renders financing an easier proposition and quicker pay back. The key for both properties going forward cost wise is expansion of the electrical grid where Central Kiaka is in a better position to be tied in first.
Well, something like that.....