RE:SLEEPING HERE?After doing a bit more due diligence on this merger, it would seem that its a means of putting 3 projects together that would not get much traction of the firm/s operated individually.
Anthem United's toll mill seems to be the most promising as its built and ready for production. This project will provide $$$ for every ounce of gold run through its mill via toll revenues. Simple operation providing cashflow.
Gold Mountain's project will need a lot more drilling and feasibility studies before putting this project on the drawing board. Elk's deposit is HIGH grade and although this is a huge bonus and changes mine economics, one still needs to do metallurgy and understand the deposits' controls. Most of its resoures are in the inferred category and as such shareholders should expect a lot more drilling to bring the numbers into the measured and indicated regions.
Lowell Copper's project looks like a monster deposit at first glance. But it has a limited number of holes drilled and will need much more drilling to provide stability for funds and banks to provide financing to move this project further. It will surely need much more than just 30+ drill holes to give one assurance on the project economics.
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The new firm seems to be a "PEOPLE PLAY" rather than one of huge, viable projects. Although one could evidence and state that their projects have the potential of being a monster project [i.e. Copper play], at this point in time, it would not be prudent to look at its viability. More drilling and studies will need to be accomplished.
The people that are going to run this firm and be on the shareholders register is quite remarkable. I would not put it past these guys to build a huge firm but will be waiting till they merge and acquire other projects.