RE:RE:RE:RE:Big money is made in the exploration phraseGreat post as always snidely but the problem I see with a major in
on the Keats they will expect or write an option to mine the rest if
they so wish which would shut down any possibility of a bidding war.
Far fetched I know but I guess I still see my GTT stock as getting
underbid to their true value although it had Newcrest in for a small
stake but by management got low balled. IKE
You need to look at my posts in contexts. From the beginning, I have suggested that NFG not dispose of the property right away and to stay in exploration mode as long as possible. If they were inclined to sell, I suggested splitting off the Keats-Lotto piece and then use the proceeds to explore the remainder of the property. But my overall preference is to just keep exploring and keep building this property as long as they can continue to raise funds at strong valuations.
So arguments that gold might be going up and therefore we shouldn't sell have no impact on my approach, because we would still be holding the property when we see those higher prices.
The approach I am not a fan of is trying to define a resource, doing a PEA, then a PFS and FS, and permit and finance an operating mine... particularly while exploration is still ongoing on the property. Maybe that works out, but I can see 100 ways it could blow up in our face.
Best approach is to keep drilling away at this site and locate jewelry box after jewelry box. If it turns out to be so unbelievably amazing that mining themselves is clearly the best option... then they can cross that road when they get there. But right now, we need to find and prove out the jewelry boxes