GREY:NEVDQ - Post by User
Post by
rockhound3on Jun 24, 2021 9:02am
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Post# 33440477
Possible Sale? Is PALA capable in the longer term?
Possible Sale? Is PALA capable in the longer term?We should wonder what the young men in ZUG might be thinking!
And one of the possibilities is to sell this operation to one of the big boys who have the $$ and expertise to execute on this large property and also the surrounding area which LIKELY has significant untapped resources.
There is a saying that you "FIND ELEPHANTS NEAR OTHER ELEPHANTS" and often it is true in mining depending on the nature of the deposit.
Now this isnt always the case - as I learned back in 1964 with the spectacular KIDD CREEK deposit north of TIMMINS, Many hours have been spent tramping through the muskeg ( some by me) and flying overhead to find the "son" "Brother" or "Cousin" of this incredible deposit.
The PH deposit is not a stand alone item - but rather there are many many promising indicators close by. With careful prospecting, including EM, and Drilling more copper will be uncovered- however the question is can PALA pull this off? And does PALA want to do the mundane work or are the young men more interested in learning about how to be deal makers?
Now we havent heard any rumours of a "data room" or other indicators of activity however dont be surprised if we were to see a sale? And to be clear they wont likely be any advanced warning.
Time will tell. And I doubt if there will be much hoest discussion at the AGM ( just that they wont tell us anything).
Rock