RE:RE:RE:Only a drunk monkey would proclaim...My point was as I said, " size alone" is not enough. Country risk, mine plan, management competence, etc. are extremely important. Contintental Gold is priced on the assumption that its' high grade gold will produce more ounces faster and at a high IRR. Apparently, NEM is now questioning those assumptions and I believe they will back out of the project.
In our case, we 'should be' a low cost, high IRR, consistent producer with low country or any other risk. We 'should' be attractive to a mid-tier producer (possibly even a senior producer), but ESM/F&M have done a poor job articulating the benefits of this project. If management can communicate the strengths of this project, there 'should be' a great deal of interest in ESM/Rovina.
19 years of low cost gold and copper 'should' be of great interest to someone in the industry, especially given our low valuation.
But until now, only crickets.