RE:RE:RE:RE:News on Mother Lode DepositCovieNRA wrote: I don't think 6 months is enough time to fully delineate the property as Pontius might like. If no buyout by then, they will have no choice but to issue more shares in an offering to raise the cash, of course further diluting us. Ugh! But if the POG really takes off, that could change the picture considerably.
Corvus has developed these properties with absolutely minimal dilution. Never ever has a single warrant been issued. Barely over 100M shares, Corvus has done everything keep dilution minimal. To whine one bit about dilution here is shameful.
Of course no property is going to be fully delineated in 6 months but as Zippy points out the recent news release points to large upside potential at Motherload. Outlining a new mineralized core of high grade open pit gold will double the ounces there, solidify the economics and significantly de-risk the project. If Corvus can show that the motherload can stand on it's own two feet without bull frog I believe that helps.
I see Couer, Anglo-Gold and Newmont mining keep a close eye on development and wouldn't doubt that one of them or others could step up to the plate at any moment as the price just goes up from here. I have been searching for information on Anglos exploration next door to kor but have come up empty. This area has a number of scenarios that could unfold.
Burn rate may increase if they start punching deeper holes in search of the High grade feeders. As for now they are finding thousands of ounces for cheap drilling step out open pit holes.
Why the share price has dropped confounds me but these rinse cycles are consistent and thus far short lived. I could be retired by now if I had the capacity to play that same game. Previous news releases have seen similar action with a two day price dropped followed by a strong upswing. I think recent drill results warrant another leg up through the 2.75 resistance, 3$ is still a very fair deal. I want cash but need patience bahahabaha