TSXV:EPO.H - Post by User
Comment by
go.faster@ymail.comon Feb 01, 2018 8:52am
252 Views
Post# 27477662
RE:RE:RE:Thinking out of the box.....
RE:RE:RE:Thinking out of the box.....I hate to quote the man...but Alpha always said...this is much bigger than our little mine in Saskabush.
neo...you are digging in the right spot now. I believe your scenario/suggestion is the only reason GEM decided to get involved. I suggested several months ago...why would GEM take stock in exchange for cash??? Makes no sense since as we stand today...EPO has no identifiable or tangible value. UNLESS...you had a peak behind the curtain like GEM did.
Big government $$$ is coming (not all at once) but coming and I would suggest GEM will release funds based on a certain ratio of Government $$$ being released as well. GEM is too experienced to give $100 m in a $$$ for stock arrangement to a junior mining company that in all honesty has really no value today.
So all you have to do is ask yourself....what did GEM see behind the curtain?
My dream scenario is this :
We already have a willing buyer for Encanto...one of the existing big boys has agreed to a purchase price based on the Offtakes...however they will not execute the acquisition until EPO has reached and completed certain milestones. Once we get to that certain stage (whatever it is)...POOF!!!
Encanto will be sold!!! The buyer knows they will have to build a mine on MFN land. That is part of the deal!!!
GEM knows this and this is why they agreed to get involved...they will provide funding to get us/them to the promised land!!!
Again... this is the only thing that makes sense to me.