RE:RE:June presentation on website RD, I have a tendency to agree....cobalt up, gold up 600.00 over what was in the 2014 FS and everything else in our deposit is up since then as well ....if we are lucky and can get a processing partner with a facility then costs for that will be down ...on the operational end yes there may be added disposal cost to the undesirables of processing but easily calculable.it would seem to me to be a plug and play situation .....an astute interested party would see that.
Even if we are in a negotiation we have to have a fall back plan as a worst case scenario ( hence we are down to 2sites?) in the event negotiations dont go as we may like, we need to show a buyer that we are still able to advance ....it's a strong statement to a potential buyer. In other words they may say hey if we don't do this now then we face potential competition ....the trend in business is go big or get out.
our last NR told us that while we could have pursued more $$, which would mean dilution, we did not ....looks to me like we are buying time ....why and for what reasons? ...draw your own conclusions on that.
if we were going it alone and with banks yeah a FS will be required but I am not convinced with prices the way that they are along with other factors that a "buyer" would need a FS on a 5billion dollar deposit with yet to be fully determined huge additional potential hidden in its rock. In my mind the more we do on site increases the deposit value and puts ft in a position to ask for more...if I was buying I would like that potential myself and make a deal on the face value which is already very profitable and look real good as I develop it... ...regardless if FT drills it's more of something.
each day that passes and with BM and electrification advancing they way that it is we are a good solid target and could be part of the market in two years or less, must faster than any others. A player in the world of mining would have to see the value in the Nico deposit as there is no shortage of interest or value in the goods FT has.
this looks to me to be and is a complex cat and mouse negotiation.....we bought some time and the time is right, make a deal.
Happy Aboriginal day ....a day of understanding and respect ! Today my flag goes back to full mast.