GREY:ALXDF - Post by User
Comment by
biotechguy1on Nov 06, 2018 9:09am
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Post# 28929410
RE:Just for fun
RE:Just for funAurum,
This is the game. AZX has limited resources financially to carry out anything. So vultures are circling.
If they want to keep Akasaba and Orenada they need to decide what else there selling to straighten there books. I say ..........
- HUDBAY Deal Done
- Sleepy Cadillac Break East ( already will lose 60-70% ) Dave P will get to 70%.
- Sell what ever they can to prop up the treasury ensure the labs are funded to finalize all the cores.
- If they are cash positive and Gold gets to 1280-1300 by Year end well maybe 20 for 1 roll back small program maybe 80,000-100,000 metres in 2019 ( 6 million )
A major need to see a land pakcage with promise. Cadillac Break East that PRB will option for 70 % "eventually" detracts from the sale. People won't take notice until about 2-3 million ounces are discovered. The only exception is companies like Pretium and even then. The amount of ounces and the Court imposed bulk sample decided their fate ! Look at Kaminak and there deposits GC did not get interested until about 2.0 million ounces....then bang quick to 3.15 and GC bought it 1.45 gm / ton near surface grades simple leaching....the other 3 deposits close buy ( coffee deposits ) will all yield decent probalby 3-4 million ounces over the life of the mine.
Give it 2-3 weeks ....and if nothing no finance, no sell of Cadillac Break East, no other pending deals. We assess your risk going forward.
GLTA