Implications of new exploration
The announcements since the flow through shares indicate the money will be spent on converting some inferred to measured and indicated ounces at goldboro (3000m previously announced, 20,000m new) which will be used in the PFS. This should greatly increase the output from the pit portion. As well, the results will come in after the PEA which will mean that potential buyers of ANX will be watching for it, along with the additional exploration towards Dolliver mountain and Tilt Cove. We also have information hat institutional ownership has gone up to 25 percent. It will be nice to see what names those include. As well, it would be really nice to see if a big mining company has started to buy. Reflecting on a comment from Kevin in the past that the PEA was needed to 'protect' him and reading a recent seekeing alpha article by Taylor Dart on how B2Gold only has 6 million ounces in remaining reserves, the prospect of a B2Gold takeover increases in likelihood in my opinion, especially with Kevin being on the B2Gold board ( it could be any company for that matter). Anyways, I am quite looking forward to this PEA as well as any other Tuesday morning news releases in the meantime. The longer goldboro is explored and developed, the more money it will bring in with a takeover bid.