RE:This is what we have been waiting for so opinionsI also have been holding strong and accumulating for over 3 years.All in cash costs per ounce slightly over 800$ .. initial capex of 175m. Pushing the output to 150k ounces per year looks attractive but I think in the current gold market the major that takes over the project may decide to prolong mine life . Of course thats if we don't see 2000$ per ounce gold in the next couple years.
I think there are a few majors or even mid tiers shopping around and now its a just a matter of reviewing this data and deciding to make a move. Even if we do get an offer from what I have been told I dont think the majority interest in this company is looking to double its investment. There is still alot of high grade to drill and eventually this deposit will most likely be +/- 5 million ounces. At current numbers I think we could see an offer of 300$million. In a strong gold market and a deposit of this magnitude in Nevada would be worth well over 500+. I think Pontius is trying to hit that valuation.
For now we must wait for the market to turn around.. at least we are well financed and backed (toqueville, van eck and anglo) and there is alot more drilling to be done that willl most likey translate into a stronger shareprice and in turn a better premium on our shares.
IMHO only Good luck
Jay