RE:RE:How much is Laurion worth?
nice @goldenl, great post. And so was your last one. Fyi it is the norm for private equity to fund mining purchases. Rarely do large producers fund it internally, it is almost invariably a partnership. Also to your last article large producers "leg in" to juniors. They buy a small percentage, then increase that over time as the junior produces better results from exploration. Laurion has not done that, I am assuming strategically, so as to maintain control over every aspect. As has been demonstrated, we do not need the funding, we have self funded our exploration and continue to do so. I believe Cynthia is positioning this as a full buyout/cash out scenario. No joint partnerships.