Whats an Offtake Agrement?https://www.investopedia.com/terms/o/offtake-agreement.asp
So now that we all know what an Offtake Agreement is, lets not talk about it any more! First they drill it off, to determine the size, volume and grades. This then leads us to value and scope! Its called a NI 43 101 A report an engineer and or a geologist will prepare, from there you can sell it. But we already have an idea of grade level from prior information being available, the limestone here can be used for cement, fertilizer and for the POT industry.
I believe the value of this property alone is worth $2M to $4M dollars, so mathematically , here is my math, the assumption here will be 41,500,000 shares out standing.
$2,000,000 / 41,500,000 = .048/share and at $4M .096/share So lets drill and see what the value is, by the time they close on the financing, drill and engineer a report
it should be time for the Vancouver Resource show in January. This asset is known, not drill it to see if its there, ITS THERE!
Marcy Kiesman, CEO of Durango stated, "At Mayner's Fortune, we are looking for large scale limestone potential to potentially increase the value of the asset and determine product usability. Durango obtained a permit for drilling and a bulk tonnage permit of up to 10,000 tonnes on limestone unit #5 which is accessible by a logging road. We are strategically positioned for the LNG boom in Kitimat and are excited to be a part of the ongoing northern development. Many people are not aware of the massive scale and size of the LNG project in Kitimat and the amount of development which is underway."
$2,000,000 or more goes along way in PQ.
As far as OSK goes, one only needs to focus on the existing maps that are available on OSK, MKR, DGO. SHV to truly see that the property of real value for DGO
would be to do some type of an agreement with OSK at Black Dog, OSK will not relinquish any other assets to any one, and Lynx is become their centre of play, not Black Dog.
So perhaps a slim chance to expand an opportunity with OSK and they already have drilled it an there are known grades etc. That should be the dream that and whats at Trove .... nothing are a property of interest!
J 103 Better have patience here, this is 100% pure speculation until proven differently, that, and the juniors have not even lit up yet…..So lets stop the bull
unless your pedagree is better than Melanie and Joanne's I'd suggest just sti in your corner ( Tom Thumb ) There is plenty of education and experience around the board room table to make money!!