MY THOUGHTS ?Karus brings what to the table ?
Do they have gold ounces - no.
They do have lots of land - but, no gold ounces.
Spanixh has 4.1 million ounces - min.
We're trading far below peers like Osisko Dev which sits at - $7.41
Osisko Devonly has - 3 million ounces and it's under ground.
Versus Spanish is above grade - open pit.
More shares out than Osisko Dev.... but evenstil, spa's share price is far below it's value.
Where do i have spa earmarked - between - $1 - $1.50/sh
More value - if they ever brought forth the graphitics - carbon black - if applicable.
So... here we sit - in wait...
delayed pfs....which is quite odd considering the prez did say, pfs would be out by, Q-1....
Did spa get sucked into more drilling ?
1.2 million ounce reserve when 4.12 million is in the gorund ?\
Don't make me amswerthat question - wink.
Racking up more shares with more drilling....
Brilliant.
SPA should be the one in the driver seat...
Yet.. i feel it's taken a backseat.
SPA - coulddo it on thier own if... they took the bull by the horns
and secured the - mine plant - 200km away....
Suppose Karus - was with foot in the door ?
What could they do to bring something ot the table?
Perhaps flip the bill for the mine plant.
Hnece - just maybre this is what that - Karus seed funding - is all about...
And... delayed drills and pfs...lol
Our spa problem is...
extra pointless drilling that drove the share count over - 400/million
Again... brilliant.
To, expand on the topic of, Karus...
The onky way i see them ever squeezing in is...
if they drummed up enough seed funding and bought out the - insider holdings
@ $.30 /cents a share,....Insiders take the brunt of the - jv -
Or... seed funding took out the - warrants + options = to bring down spa's shares to
327,000,000 million shares out
warants + options
4,425,000 @ $0.12 Expiry August 7, 2021 = $531,000
40,000,000 @ $0.15 Expiry July 13, 2022 = $6,000,000
16,666,666 @ $0.45 Expiry July 24, 2022 = $7,499,999
11,904,761 @ $0.60 Expiry August 5, 2022 = $7,142,856
7,025,000 Options - weighed @ $.12/cents = $843,000
= $ 22,016,855
Could Karus's seed funding be aimed at = $22/million ?
What about a mine plant ?
There's the " key " to securing seed funding - telling the potential seed funders
they have an actual plan...wink - ( only an example )
Cancel - 80 million warrants + options.
SPA = 327/million shares
No roll or consolo
Bring in Karus with mine pant
JV is formed .
Pull forward ( potential graphitics )
= all ores are brought into play because of graphitics
= full 4.1/million ounces takes scene .
Just ideas....
Now... do i like the delays ?
Nope.
Scares teh bejeezus out of me...
To the point of... will i even stay in this stock - now that my position is under water
Yeah.... that kind of bejeezus - where one can't even converse on the phone with spa.
Quick... show me one junior that streams in perfect symetry....
Ugh...
Cheers...
Above post is not investment advice...
But moreso ideas for the - junior - hoping they make the right moves..
Junior should be riunning this with - gold in the ground - holds the cards.
I'm not seeing that with more drilling - delayed pfs - and graphitics not brought forth
and with lots of waste ores with gold still in the wastes....hmmm;