?time? for Mayner to fund DGO - "as planned"https://www.coreconsultantsgroup.com/limestone-could-unlock-durangos-golden-value/
According to Marcy Kiesman, President, CEO and Director of Durango, the plan was always to spend money on drilling up the limestone deposit at Mayner’s, sell it, and use the proceeds of the sale to fund their gold and silver projects in the east without diluting shareholders. This strategy makes sense at a time when funding for early-stage greenfield projects is not easy to come by even with metal prices reaching record highs.
Kiesman has got a lot of skin in the game herself, owning almost 4.6 million shares in Durango. The company has a tight shareholder register with about 25% of the company held by close friends and family. Kiesman says she remains cautious about issuing new shares and diluting the stock and shareholders. Mayner’s, thus, holds the key for Durango to reach the end goal. Its inherent value serves as insurance to continue drilling at the company’s gold assets, and during the initial stages of what could become a significant gold province, keeping the company afloat