Why now ? Why EXN ?As a Otis sh i am not that happy with that deal because if we talk about a " World class deposit" , or even "only" about a 110k/10y mine life +x story with nice economic set up in Idaho i wonder if there was not interested from let`s say a company wich fit`s better to Otis ?
As take away from the recent interview with crux investor i took :
There are still a lot of problems to bring out profit from Platosa and if i got correctly they
produce silver for 15 bucks after ! optm the mine.
Germany, a wishfull thinking story but anyways nothing what brings anything in the near term.
Yes some exploration upside in Mexico but first a lot of money is needed also for that.
Otis.....needs for the anounced drill campagne 3M $Ca. +x
In the interview Brendan talks a lot about history and what former management did wrong in almost any way it seems, but less about where the money can come from.They have 10M
4M for exploration and on in Mexiko
1M for work in Germany
3M+x for Otis.
For that much exploration stage projekts they need more money for the next years
that means after the share consolidation there will come the next financing round and that is the ugly thing here imo.
My only hope is still that Sprott and Agnico do that for a reason.
GLTA