RE:RE:ODDS profittaker1 wrote:
We probably need to see 2 things before a buyout. 1. The throughput rate once at full production. I am hoping for it to exceed what they projected since lots of these type of projects in West Africa do. 2. The results of the oxide and sulphide expansion study. This seems like a big gold system. Clearly the real upside for the share price would be if they can get to 200-300k ounces/year eventually.
Or create a 20 year mine life.
I think a takeout will happen in 2023.
Great "sleep at night" gold equity. If (make that WHEN) the PoG rises, magnify everything, including future cash flows and ultimate take-out price.
MM