RE:RE:RE:RE:RE:RE:RE:Oban is a rotten deal for Temex!Suppose OBM takes over Metanor (MTO-V, marketcap only $16 million, 100km from EAG), they have an operating mill with 1200 ton per day capacity which (surprise!) coincides with the numbers on the EAG preliminary economic assessment.
MTO also has property bordering on EAG deposit, OBM's pre-merger property base
(I am speculating here.. I bought MTO, I also own BFD bordering the same land package. I would not be surprised to see them buy BFD's property for a share swap.)
With the purchase of MTO, they begin to mine, generating huge profit which can be used to put TME into production on a realistic scale, not buried by PPs and warrants.
And again, if you think we aren't getting enough for TME, take a look at MTO..they probably have at least $500 million replacement cost worth of infastructure there , not to mention all the gold in the marginal mine and land package with a market cap of $16 million.
I will eat my hat if they don't at least make an offer for MTO..even at 2-3 times the present price, it is a steal.
MTO did truck some low grade (ie 1 gram) ore from nearby the EAG deposit, and it was not economic. High grade from EAG should be an entirely different matter.
As you can tell, I am optimistic about the combo, especially if they take over MTO, or coax MTO into shutting down their marginal mine and entering a toll mining agreement.