What's ahead for ANX
THE BAD: 1. DFS will not look that great on paper compared to PEA because of more strict inclusion criteria for ounces mined. 2. Current share price and production numbers imply potential for significant dilution to fund Goldboro. I really hope funding rounds are delayed until point rousse starts producing good profits and share prices are higher. I dont want to see an early start to financing Goldboro with big dilutions involved. I will be quite upset if more warrants are given out at these current bargain basement prices. THE GOOD 1. We should finally start to see good production again from point rousse in q4, up to 30 million per year profit potential for 3 years at current gold prices. 2. Recent Sprott report highlighted the real value of the stock. We know analysts have been to visit lately and there should be more good reports coming out as well as more opportunities for investors or majors to come and view the mine sites as COVID restrictions lift. THE POTENTIAL 1. If Point Rousse is really on track to profit 30 million a year with better grades for 3 years, this will greatly ease capital raising requirements for Goldboro. 2. Could be incredible amounts of gold to be found east of the currently defined goldboro pits towards Dolliver Mountain. 3. Still waiting on tilt cove results, huge potential there. 4. Conservative government in NS and local support should hopefully help with permitting and environmental approval. 5. Gold price upside is massive. Technicals are all pointing to a breakout being imminent. Money printing and inflation point to higher gold prices. 6. Takeover: on any given day, we could wake up to a press release announcing a buyout at multiples of the current share price. I would wild guess that the regulars on this board have around 20 percent of the stock based on iq4u's sampling. Management, institutions and insiders have around 20 percent as well. Shares are held fairly tightly as shown by the low trading volumes, even with big price moves. Big mining companies are flush with cash and we are about to see a flurry of takeovers happening soon. As Goldboro progresses towards approval, I expect the offers to come in.