Hongguo International Holdings Ltd. USD SHS HGGOF

Next steps for 2023?

[redbarchetta]

Been thinking a lot about the opportunities at hand that management needs to consider going into 2023, and where they focus their finances for maximum share price increase. Below is some ideas:
 

• From what I understand they have around $10M on hand as of this week, which seems like a lot, but drilling Alaska (JT, DC etc) at elevation is much more costly than say drilling their Timmins properties
  •  former all in cost $500-$600M, latter about $200M
• In lieu of tremendous upgrade in resource that in-fill hole JT22-152 promises (i.e., JT resource likely understated by as much as 2-3x), management must be considering advancing the idea of bringing in a strategic investor that may take a slice of JT in exchange for some big $'s, say 20-30% of JT for $50M
•  this would be extremely positive as no further dilution to shareholders and would provide the necessary funds to go at it next year with 4-5 drills and expand JT (and DC, which they've hinted at in their last interview), and pepper the southern fault and JT to greater depths, to hopefully uncover the hidden source for JT's endowment or vent.
• Provide HIGH the benefit of funding their Yukon program 100%, say a 3000-4000M program (once permits are received), to hopefully bring up like results to SGD's discovery that's situated right above High's King Tut land package. 
• Remember, Darwin said they kept the best pieces for themselves. King Tut has the highest gold/arsenic soil anomaly (6km long) sitting on apex of intrusive (just like SGD) and if this whole system continues to demonstrate its continuity and is I believe non-refractory ... If they hit like grades on this land package…boom will be the effect on High's share price for Yukon alone.
• Maybe drill 5-6 more holes in JT same orientation of JT1220-152, to upgrade the resource to 2 – 2.5M ounces at much higher-grade average 18-20g/t. This alone should command a premium of $100-150 ounce for known deposit

 
In short, I don’t think the way forward is to dilute at these prices, it doesn’t make sense to me considering all prior financings were at higher prices with no warrants attached. This is a classis case of the market not understanding the full story, but you can bet Agnico or any of the existing mines just south of them are chomping at bit to get a piece that rock that will likely yield them $1100-$1200 margin, so do as I believe other institutions are doing and buy at these lower prices, as 2023 will reward us 5-10x, especially if gold continues its march to $2000 which I fully expect.