RE:RE:Stog'er TightMy guess is they are leveling the books for the NFLD operation and setting up for a financing without any questions to answer from the NFLD operation that has not been performing as of late. Maybe too risky to go after Stog'er Tight given the track record presented by Argyle.
Stog'er will require startup costs and dewatering of camp pond (expensive)...then mine and do they have a good handle on the ore body like they thought they had on Argyle?
It will be costly to shutter the NFLD operation so perhaps a cash conservation so to speak to ensure they have what they need in the coffers to pay care/maintenence employee severance and reclamation efforts. Leaving Stog'er T unmined may be a carrot for some future buyer or they may mine it in the future when the gold price lessens the risks...but with no employees to run the mill....hmmm.
Stog'er Tight may be an added carrot to a future sale (or other agreement) of the NFLD operation...who knows....but if they have run the numbers, which I suspect they have and the risks are too high with Goldboro needing attention...perhaps a prudent choice to do it now as opposed to waiting till later which may add to the financial risk which a potential financial lender for Goldboro may not look so favorably on....wild guess.