RE:Cost of CoreboxLRG,
$5k/yr is pretty cheap for a tool that can be used for drill planning and playing around with the ER in-house. The cost for IR and Corp Development are hefty according the last Financial Statement, link below. for 6 months in 2017 (page 2). IR and Corp Development fees are $291.8k and 108.5k respectively.
Also, professional fees of 100k was payable to EO (Baker Creek compnay) on top of his CEO salary, see note on items 10a and 10b. Drilling cost until 31 Oct 2017 is $2.355M. So, 5k is insignificant compared to the drilling cost for the whole year. Plus the fact that they have not done much for Corp Development and IR to warrant a spending of 291.8 + 108.5 = ~$400k/6months.
So, if you bring this point up to Henry of Gundy, they would have no problem with your suggestion.
They can post that on Core Box website and AZX website, print out a big poster showing the deposit in 3D to provide the backdrop for their PDAC booth, and stick that in their presentation. Also, get it on one of their laptops for people to play with at their booth. This will be a Big Bang for their IR bucks, and will attract investors and potential suitors.
Even though there are a handful of potential suitors who would fit the bill for proximity, such as ELD (near their Triangle), PRB (JV on the east end of the Cadilac Break), AEM (Goldex is near by and could use extra feed), KL(because of ES connection). But who know...may be more will come out.
However, just like in any auction, only 2 bidders would be required to start a bidding war.
I would bet PRB (PRB Chairman sits on AEM board as well, AEM has a JV with PRB, and was its major shareholder when G acquired the old Probe) over ELD anytime as the winner, and would not mind to waiting for another year, or 1.5 years, for PRB to be ready to start selling the combined New Beliveau and the Cadilab Break deposits to a senior (AEM would be my guess). By that time the combined deposits would be north of 5Moz.I am thinking about a share swap with PRB (not with ELD, trouble in Greece, etc.). So get some reasonable premium now and then later when PRB is acquired by a major in 1.5 years (yes, 1.5 years is my line on the sand, lol).
GH
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https://www.azx.ca/wp-content/uploads/2018/01/AZX-Q2-FINANCIALS-2017.pdf
Cheers,
GH
LRGreturns4me wrote: The cost of Corebox is around $5k per year if I am not mistaken. I wonder if we could convince AZX to load the data using their IR budget?