GREY:ALXDF - Post by User
Comment by
LRGreturns4meon Jun 02, 2018 12:08pm
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Post# 28115427
RE:RE:Telephone Call
RE:RE:Telephone CallMany people have spoken directly with WH. The RE issue is real as EO has previously represented a "doubling of the resource". Reality is closer to 700,000 oz I am hearing. Also, they offered PRB the full 70% of the eastern earn in for $3.0M. AEM did not want the royalty, so what does that say?
RE coming in the week after next, deals based on in situ gold will value the project around $60-70 M if the RE rumors are close.
It looks like RE release, then maybe consolidation, then financing and drilling with a new leadership team. PRB may come back after the EO issue is put to bed and tender an offer, I hope so and am going nowhere, but I can no longer think of adding more without the RE.
Where does AEM stand? Anyone know?
Hold tight and good luck.
LRG