GREY:BKSLF - Post by User
Post by
thebeek02on Apr 30, 2014 12:08am
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Post# 22505600
Not that unusual
Not that unusualIt's not that unusual for a major stakeholder to want out. I imagine there are several other shareholders who've been here awhile, having tired, taking advantage of the liquidity as well.
That liquidity arrived with hopes of efficient, high grade production, and seabridge is more than happy to get out at what I believe is very close to their par on such a small scale operation. Heck they got red mountain back as well, possibly 40 times the reserves of Y.J.!
The good news of course is this nice new solid base value that's formed.
The block sample presently being milled was the highest grade ore found to date on the island, although there's plenty more at half the grades. Time will tell on economics, but this group of miners have not, and will not dilly dally with any time or materials on this project. No limos. being leased, so to speak.