RE:RE:RE:RE:RE:RE:RE:RE:RE:No blood bath?! Where are the sellers and shortest?Curv
I am in the camp that it is a much better space for W to continue back a new loan for 15- 20 million if necessary. Big improvement from 75 million they had backed. Im not sure its necessary at the moment as P seems to have some excellent drill results at a cost of 10 million per year that they decided not to convert into reserves imo. Its seems they found some good gold but if the rest of Conversion process doesn't happen then they can rightfully say they didnt find gold. Its somewhat of a game imo. My point being they have no incentive to prove out gold locations at the moment. I maintain that in the short term the best path for P and W is kicking can down road while P continues to spend about 10-12 million a year on exploration. Finding the gold will pay for ongoing operations imo especially with new and improved labor agreement.
The high head grades should be maintained over next two to three years in the six veins they mine without exploation per CC remarks. Remember their new math conversion last year supposedly made the 28 other veins less desirable at the moment. 1800 tpd is their lower limit now going forward.
I have no idea if mine gets sold, it just seems to me that would have happened already if that was the goal. I think they have the juice to keep lights on if they want to. And the other issues may just sort out favorably. We will see.