Coeur financed the drill programAnd had a lot to say about where and what to drill for.Silvertip is already producing and getting sprayed with Coeurs cash.They put a Canadian with creds on their board that has political power and ran a 5billion a year power company employing 5,000
.Political infrastuture and synergies as Silvertip is right over the yukon border.Coeur tends to pay for a de risked property-The further this is taken the easier to bring to Coeurs board.So the more you talk infill and met tests themore likelyhood of a Coeur takeout..
This just may be too small for the big boys but the right size after just buying Silvertip.
Coeur is targeting nevada with its Rochstor mine with placements in Corvus and northern Empire and has Palmarejo with placements in almaden and Aztec
,bought Silvetip and hold position in Rockhaven
Coeuer has relationships with Condire one co founder on board of Rockhaven and the other strategic.
Every area that gets de risked gets more money when it gets taken out..
Also a short helicopter for Kensington mine in Alaska..
This is a takeout play and Coeur is paying when the time comes..
And another point you always need to leave something on the table to get it past directors and make Coeurs investors feel like they got something.