New Orperu Resources Inc NOPUF

RE: Barrick Gold and Lagunas Norte

[mewbuddy]

over almost last 10 years New Oroperu didn't do any financing. each year they will be receiving 250k which is close to their yearly burning. for security they might do a financing this year. TD dumped  the share price to almost 5 year low and I guess it's because of potential PP.

Barrick still has 7 years to make decision. with gold price around 1600 and Barrick's other mine cash cost around 300 dollars in that area, I wouldn't think it's a tough decision to make for them. also, if Lagunas being build, I guess the CAPEX will be much lower for New Oroperu. Maybe Barrick will do PEA PFS BFS next few years. once it makes a go decision, New Oroperu will be a cash cow with 0 risk. but I guess Barrick will buy it out long before it puts into production. say a positive PEA?