RE:RE:RE:RE:RE:RE:webinarheystupid , Eric sold as he seen the big picture wich is year's away...he can afford to take these losses against his gains...for 137,000 ounce a year production that dont impress me much was hoping for closer to 180,000-200,000 ounces but Pascal did mention that they will eventualy expand over the 3,000 tpd rating but again i need to take another listen to webinar as he did say this would get there by 2027...
our best bet is a buyout...
Now Pascal did mention in Crux interview out of the 130,000 meters drilled 80,000 hit the envelope , therefore 50,000 meters was miss hit...
Now we have $ 10,000,000 in the kitty and we have a burn rate of 2.2 million monthly..This hopefuly gets us through drilling and PEA paid in full ..as Pascal did mention another PP is required after PEA...
After PEA we need a intense drill program to infill resource to reserves to Feasibility study...not sure the cost of this and how many shares this will cost us..
Pascal mentions 10-20 million for electical upgrade at mill on power line and 25 million for tailings and 100 milion for mill expansion and 75 million for undergound infrastructure to get all 3 mines going...therefore let's say go big and say all said and done we add another 200 million shares to our 100 million , well tha would be 300,000,000 million shares and at $3 a share would be 900,000,000.00 market cap ...Osisko is sitting just above 1 billion market cap with 6 plus million ounces and they spent $140,000,000 on 8 klm of underground workings , therefore you see how fast this adds up...HENCE I'M PRAYING FOR TAKEOUT...I WON'T STAY HERE THAT LONG FOR A 100% RETURN FROM THIS POINT...MEANTIME I WAIT..GLTA
PLEASE CORRECT ME IF I'M WRONG ON MY NUMBERS IN A DISCUSSION WAY..THIS IS WHAT I SEE AS AN INVESTOR I COULD BE WRONG...AGAIN I'LL LISTEN TO WEBINAR AGAIN AS IT GET'S OUT..