RE:RE:RE:RE:no need to be delusional hererockmoney wrote: What mine did Bureau build? He got tossed out of Pershminco. Nothing was built there. Building social capital in Ecuador? They had that when the company was founded and the old team drilled like 10,000 or more meters with no problems and put out news every week. It as a very active company in 2016 and 2017.
This company today cannot raise any money. It trades under a nickel. New investors will take the project and current shareholders will get zero. And forget capex - nickel stocks do not raise +$70 million.
Our only hope is someone seeing the value and making an offer to take TIM out at a permium.
Pershminco was merged/taken over and investors were made whole. That qualifies as a success and Bureau was hired on that basis.
Goodman is building a mine. Advancing the project also makes it attractive to potential buyers--an option he has not ruled out. It may be Toachi's fate...not unlike Pershimco.
Goodman has described Toachi as a 'two for one', both a mining and exploration play. Obviously he has prioritized the mine building. This does not rule out exploration in the future.
Like yourself I am not a fan of Bureau because I regard a year without drilling as a year of doing nothing which describes 2018.
There are literally hundreds of small mines in production struggling to break even waiting for a rising tide in metal prices to float their boats. Silver miners in particular are being given away these days at present share prices.
If after several years Toachi gets its 'small' (Goodman's word) mine built the market may not be impressed. I wish Goodman had prioritized exploration as a few good drill holes can do wonders for a share price.
All Toachi shareholders are deeply under water and it takes real faith in Goodman to average down at these prices and then wait patiently for Toachi's value to be recognized.