RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Bam. We must not forget Mark Rodgers stated “The decision to approve the Coffee Gold Project provides much-needed certainty about the future of the project and the development of this strategic asset.” Strategic can only have one meaning, imo. Newmont is ready to make a run at Casino and Rio Tinto must be aware of that. I cannot believe they are that cocky, but you never know.
From the looks of things, Newmont wants to make this a massive area play. Newcrest is doing exactly the same thing in the Golden Triangle. Think of the game monopoly. How many houses and hotels can you put on Boardwalk. Newcrest is gobbling up the GT and Newmont, from my view, has a strategy to gobble up our district. They hold Coffee to the west and Freegold to the east and we are the crown jewel in the middle.
WRN securing the Canada Creek property was a brilliant chess move and I’m 100% certain that was Dale’s idea. Bill and Dale are best friends. Besides, that’s how Dale thinks. We should Dale for that.
I have no doubt that Newmont is waiting in the wings. This will either end up a bidding war between Rio Tinto and Newmont or the two will join forces together. The bottom line is the board will outright reject lowball figures under $10. I even consider $10 a lowball figure. A bare minimum we are going for $12, but I believe it could be closer $20. We are in the catbirds seat. There is not one project in the world held by a Junior that even comes close to Casino.
NPV and all that other stuff doesn’t matter. That’s not what is going to move this project. It’s what we got in the ground. Period. This is not a spec stock. This is the real McCoy.