RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Keep FaithPaul a while ago joked around with Chris Pettman, chief geologist for Rio’s side of the project, and said “you know, the best deal Rio is going to get is just to offer me a deal here and now” (loosely paraphrased). Chris replied by saying “I know, but that’s not how these majors work”. The bottom line is that Rio will try to get as much as they can for as little as they can. But their vacillating will likely shoot themselves in the foot. Newmont is waiting in the wings. If it doesn’t happen soon, Rio will loose their chance for stealing our project for a bargain as Paul has suggested. I would rather wait an extra year and pick up between $15-25 per share. Patience is a virtue. Copper and gold will both go up. Not necessarily simultaneously, but go up they must. When you look at jurisdiction, size, community, ESG, or whatever, in combination, we are the safest bet with the biggest potential upside anywhere in the world in the mining industry imho.
Next, I am so grateful for Turquoise for standing up to a Goliath of the industry. They have set a precedent. We should not be bullied into submission. Stand our ground on this, and hope Paul has the guts to stand his ground.
My target is $15+, but will perhaps compromise at $12, not a penny less.