RE:RE:It just happensInteresting. I consider Canaccord one step above pond scum but I always take different perspectives at face value. All of the two-bit houses are negative unless they get a peice of the action.
Responses to these points as I understand them:
TKO/CUV is advancing Florence for in situ leach, in a populated area of the state.
The 500M share count is blowing smoke. He wishes he could get a peice of that. That would fund capex solely by new shares.
Development people- they are pre-feasiblity. That comment would be more critical in a year from now. At this stage, it is wasting money.
Royalties are one aspect that is not idea, but the numbers include these. Altius just walked away from another 1%, but reserves 0.5%
IR? LOL, they brought in Greenstone for a PP at 34 cents last year. They had access to capital during the worst bear in a generation. $6.3M in cash should get them to feasibility and likely a better sp to fund the next step.
As I say, I always consider the downside, but I am cautious about the houses too. I don't think any of those points other than permitting are the primary material risks. There are a few geological risks that no one talks about much.
He'll be calling you if Canaccord gets the PP.