GREY:CBSHP - Post by User
Comment by
Flowgoon Sep 13, 2016 7:22am
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Post# 25230758
RE:Last Post has a resource journalists report from 2005
RE:Last Post has a resource journalists report from 2005First sets of results should be coming out shortly I would assume. BMG's website is a great source of info, especially showing the Fortitude mine and the direction the pit is headed in. BMG's land is basically part of the pit, and now that they have capital, all systems are go. There has been a ton of work performed to re work all the data and previous results into their databases. GSV was incredibly smart to partner up with BMG, especially in an equity ownership sense.
Newmont is watching this unfold like a hawk watching a mouse walking across a sidewalk. I would think that Newmont was waiting for BMG to stall and need "a hand," instead, GSV came in and snatched the mouse into the back pantry.
BMG has a very large upside, the geology is fantastic, and I can see Newmont wanting both GSV and BMG down the road. There are relationships galore in these companies, and the price paid upon acquisition is going to be very lucrative, especially for the acquirers. These assets are very valuable, and give GSV and BMG a year or two to prove things up, and we are all going to be smiling very large.
Cheers, and good luck x