RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Webinar!rborhi wrote: There are a lot of ways the financing guys can come up with to buy out a property. As long as the gold is there and they're paying a reasonable price per oz of gold, the size doesn't really matter.
It can be part cash.
It can be part newly issued shares.
Maybe two companies could combine to buy it out and run it. Look at Nevada Gold Mines owned jointly by Barrick and Newmont.
They could issue preferred shares tied to the production of Great Bear claims.
There are lots of ways it can be bought out, more creative ways than we could possibly think of.
Even a couple mid tier companies could decide to combine on this project to make the jump to the premier producer category.
What a great way to boost reserves in a climate where many gold producers are having trouble replacing what they mine.
What a great asset, great location, in a premier mining jurisdiction. Does someone buy it out now when gold is at $1740, or do they wait for gold to hit $2500? How favourable will Great Bear look when miners in second and third world countries start getting squeezed by their governments?
China seems to be paying up for even mediocre gold mines now, what does that tell you about where they think the gold price going?
Thanks rborhi, lots of good comments there. And for sure as long as they are paying a reasonable price per oz of gold, I hear you, but, I have to disagree with you when you say the size doesn't really matter.
To me that's thinking 'normally' instead of 'district scale'. It is the so called blue sky potential on the ozs that will be unrealized or not counted in what is not the 'resource', that will determine if we get the best price or not.
Obviously getting the best price per oz for those outlined in the 5km resource we are now delineating, will be a wonderful thing. But saying there is x potential of blue sky on a typical, normal find and saying the same thing on the district scale that we have, is a totally different ball game, and that's like comparing apples to oranges. We could quite easily lose out on millions of ounces due to the sheer size of what we have.
IMHO