RE:RE:EO has some big cahoonesNP,
In my previous post on EO's Open Letter I deliberately left PRB out of this saga. But this company is lurking around the corner as I have mentioned many times in various occasions.
- by looking at their property map (a solid chunk around the new Beliveau Mine with new RE coming soon, 11% QMX),
- JV with AZX for about 1/3 of the Cadillac Break,
- JV with AEM on a property near AEM Goldex Mine,
- AEM was their major partner before G bought out Borden Lake for $526M,
- PRB Chairman of the board sit on AEM board,
- David Palmer is a smart cooky and his staff are quite responsive. I got top guys and gals responding to detailed technical questions. What about AZX? They simply ignore you, even for simple inquiry. I have rated their IR zero/10.
Bet that there have been discussions about "possibilities". These guys are talkative and they do the talking for a good living.
Want to connect some dots?
GH
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NextPhase wrote: I still think a deal with Probe Metals is most likely. It would likely get the blessing from both Sprott and Agnico Eagle, and they are the two biggest shareholders.
It benefits Mr. Sprott for the following reasons:
- He potentially found an economical way, especially with his warrants, to get a nice chunk of Probe. He would have a huge margin of safety from buying cheaper AZX shares, which is nice to have with risky explorers.
- The new combined explorer would be in one of the strongest positions before the next mining boom starts.
- So few companies are finding large deposits economically, and these resources would offer this potential.
It benefits Agnico Eagle for the following reasons:
- Agnico would also get a nice investment into Probe Metals.
- It prevents Alexandria Minerals from being taken over by a competing company.
- Agnico has more influence on the Probe Metals BoD compared to Alexandria Minerals.
- Agnico will have more control over a consolidated land package in a strategic mining district for them.
Of course, this is still speculation, but it should be interesting when we find out more details.
NP