RE:the stock is worth nothingI for one, 100% disagree.
It was worth nothing when we lost the claim in 2020. Fortunately and very luckily the Gold Commissioner got it back for us.
IMO the number 1 priority is to secure the claim for the next decade, as my experience is that John waits until the last minute to pay bills. I don't think it is much ($20k per year??) and so perhaps we should pay a decade in advance so we don't have the stress.
If the claim is secure, then at this point from my calculations there is approx
$11 BILLION+ of ore in the ground
$4 BILLION to mine the minerals
$7 BILLION in value over 20+ years
$4 BILLION NPV Today at 5% return
I don't know the path forward
I'm confident that a major would buy it or do a joint venture.
Or, we may have to give LBN a share to get them onside.
I for one, would also like to know where we stand legally.
I have heard so many stories from John over the years about using NAFTA to sue, suing LBN, suing the BC gov, etc., that I really do not know what is what.
As shareholders, I believe we deserve to know where we stand from a legal perspective.
Without securing the asset and knowing our true status, we cannot make plans to move forward.