RE:goaweighI don't know that's there's any magic to 3,000,000 OZ. or 4,000,000 OZ. or ???
We aren't looking for a valuation on a set number of OZ. we are looking for a take out for a huge valuation but how to achieve that is the trick.
Majors seem to launch takeovers when juniors hit a critical mass, when it becomes painfully obvious that the junior has made a major discovery and that waiting any longer will do nothing but forse the major to pay more.
Every takeover does have a headline number of OZ.'s when a deal happens but those numbers are only half the story.
Some deals go for huge dollars per OZ. reported, let's say $ 500 per OZ. whereas others go for far less, like $ 100 per Oz. but what's missed in the reporting is the blue sky potential or the lack thereof in each deal. A major paying $ 500 an OZ. must see plenty of blue sky whereas a deal going for $ 100 an OZ. is just paying up for the asset in hand.
In my view the trick for us is a combination of finding lots of zones on the one hand and drilling off some of those zones to build OZ.s on the other. We need to build a floor of OZ.s at some point and I think that's what we are doing right now.
Our 3 drills are tuning on our 3 new discovery zones and those will hopefully show some continuity and add OZ.'s , not a resourse # but a dam good indication of where this is going.
We then add drills 4 and 5, one starts drilling again at the DL/Hinge zone,, let's call that drill # 4, and that starts adding more OZ.'s there too and then we have drill # 5 going out
" wildcatting " again , looking for new zones along the remaining 20 KM's of strike.
So at some point in the near future we could have 4 drills actually drilling off 4 deposits in an area of only 3 KM's and another drill going hunting for more.
I mean holy shite, when you're a major and this is happening right under your nose how long do you sit and watch before you say ...
" OK we've seen enough, stop those dam drills, we'll pay you whatever you want just please stop drilling for Gods sake "
DEXTERBOY wrote: Nice comment regarding the liquidity lol. How about a price estimate on say just 3 million measley ounces and close to surface of course. Share price I mean. Thanks again