GREY:VITFF - Post by User
Post by
Whateverrron Mar 08, 2023 6:17pm
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Post# 35327026
Snowline Strikepoint Oooops
Snowline Strikepoint OooopsSo from a very simplistic strategy lapse which I guess is not surprising since management does not seem to perform well in any category.
The land acquired by Snowline from Strikepoint months ago was a fantastic move.Only cost approx $2m based on shares and cash combined. It is in the same gold belts at Dublin Gulch and much or all in the same territory of the Nacho Nyuk Dun First Nations, which VG supposedly and should have already a good working relationship ?
All these years of experience in Yukon and highly specific to this direct area for John Mc, Mark, Paul, Helena and others. Plus the newer well paid guy of VP of Business Development, Adam. This crew made a completely lacking and embarassing offer to ATAC but why wasn't any effort made to acquire the Strikepoint land which makes even more sense then Rackla or was there an offer but not welcomed by Strikepoint? It is a fantastic prospective set of claims that VG does not have and you will see if Snowline can model and find gold. A very good chance. The stock is up 2-3 times in 6-9 months because of their portfolio. Could be too pricey now but who knows.
Key point - Why the F was VG not in the running for this very cheap land package which has tons of potential ????
-Banyan was given to his wife and continued $$$ support from VG. I guess this could be 'nepo mining' ?? LMAO
- Santa Fe was given to himself ( John ) for a later date to control post VG
- Hecla was too embarassing
and essentially zero other 'business development' going on for years.
Broken record - produce more gold and consitently, keep the mine up and running, prove new viable and sizable reserves @ Dublin Gulch, bring down costs, keep POG similar or higher AND then you can get a takeover and or better share performance. Maybe they can do it, geez you'd hope they could improve eventually. Time has been ticking.