How to Proceed with revitalized Point Rousse There are several ways of doing this at the corporate level .
By this, I mean a merger of Point Rousse with MAE.
Dont know what the ratio would be but 55/45 in favor of Point Rousse imo.
Then set up a SPV ( Special Purpose Vehicle ) to contain those combined assets.
Between MAE and Point Rousse, a management team is added to the SPV and very modest seed capital .
I would have no more than 100 m shares coming out of that SPV and preferably 75 m or less.
As presumed, we would get 55% and MAE shareholders 45%.
Once a few admin matters are settled and red tape completed, the SPV would be spun out directly to shareholders under the MAE listing as NewCo with a new name .
Part of that process would include an initial equity financing which might include a rights issue to NewCo shareholders.
Fair value should easily be in excess of $50 million, as hard assets would be valued above $30 million plus about $600 million in economic grade gold resources with essentially all mining / processing facilities fully at hand .
The needed closely spaced drilling program could easily be funded by $5 million after which push backs of just 2 m overburden would enable the 5m mining benches to be configured.
We are then ready to rumble .
One can easily foresee NewCo rising to and above $150 million in Market cap, given the extensive high quality exploration upside which would include much of the Baie Verte Peninsula .
What's there not to like..