RE:RE:RE:RE:News on Mother Lode DepositI don't think it needs to be fully delineated to establish a price. The price range is probably already determined unless they stike something big and significant in the next few months.
We need a competing buyer, if Anglo is the only option they will dictate the time and price. Right now they seem happy to fund $2M to continue exploration vs $?????K to do a buyout. It serves their interest to be patient.
Couers snapped up Northern Empire for $100M with virtually no exploration done. Does this parcel fit in well with Couers?
I bet the majors are looking for minable reserves for the long term, better gold prices will help us but how much more than $120/oz will they pay?