How Hesketh is playing this gameThis is so obvious to me, and Viva shareholders should be able to see it.
1. GPY & Viva combine. Hesketh takes over as CEO.
2. GPY's Brewery Creek mine goes into production first 2022.
3. As long as gold stays above 1800/oz, Brewery Creek production is profitable, and the cashflow secures financing for Tonopah, or the cashflow alone can finance Tonopah to production. Shareholders should see a doubling in share price.
4. Tonopah goes into production 2023 or 2024. By this time, gold price should be between USD2000-2400/oz. Share price should have more than doubled.
5. GPY-Viva continues with M&A activities, or get taken over by another gold producer, increasing the EV/oz.