Talking to the neighborsNMX is in tough shape as a business because they grabbed for deals that looked good on the surface; but were terrible long term. JFM and JSL would get physically aggitated at the AGM when stockholders would base their questions on what NMX was doing. CRE was much much more disciplined than NMX and most companies in the LI business as they proceeded forward.
CRE is now at the stage where they need capital to build their mine. Folks would have to be deaf dumb and blind not to notice what is going on in gold. For the first time in 8 YEARS Barrick's share price is rising. The biggies in the gold business are shoveling cash in the door with bulldozers. Barrick's CEO recently complained of exhaustion from looking at deals he is being offered;but said we are aggressively looking to do deals. Kirkland Lake which has 2 major assets physically close to JSL's home in Val Dor is forecasting an avalanch in cash once nearby Macassa and Detour Lake are fully operational again. Meanwhile they are sitting on $530 mill in cash. Think it is Canadian but it might be US.
Because Covid has so disrupted business and business expectations, I expect banks to get back to lending major sums VERY slowly. In the meantime KL and Barrick would be wonderful sources of funds and exceptionally strong business partners. Just some food for thought.