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Olivut Resources Ltd V.OLV

Alternate Symbol(s):  OLVRF

Olivut Resources Ltd. is a Canada-based company engaged in the acquisition, exploration and evaluation of mineral properties for the purpose of mining diamonds and other precious and base minerals. The Company has a 100% mineral interest in the HOAM Project located in the Mackenzie Region (the HOAM Project) and a 50% interest in the Seahorse Project (the Seahorse Project). Both projects are located in Canada’s Northwest Territories. The HOAM Project Area covers part of the Interior Plains region south of Great Bear Lake in the southwestern part of the Northwest Territories. The HOAM Project Area lies within three traditional Aboriginal settlement regions of the Northwest Territories: the Sahtu in the north, the North Slave in the east and the Deh Cho in the center and south. The Company’s interest in the Seahorse Project includes any mineral deposits discovered, whether diamonds or other minerals.


TSXV:OLV - Post by User

Comment by dwightkerryon Jun 01, 2023 11:53am
80 Views
Post# 35475027

RE:RE:Land Back

RE:RE:Land Back
Hi Stever50

Thanks again for that post where you received a response.
The public still awaits the news. And thus has given us time to hypothesize.
Our CEO owns millons of shares and is owed money ; which again shows the dedication on her - kudos. One would assume that an escalation in share price combined with monies to repay her would be a positive thing. But I'm probably missing something.
Pierre Lassonde does not need money to help him pay his bills - he's fine in that regard so most likely he would be most interested in the "fun" or "thrill" of the chase into Canada's next big Diamond Mine. Rather than to grind out another streaming company.
However, this situation does seem similar to the Franco-Nevada situation in that the shareholders have been wating so long for some news and we really should get some recognition or respect.
Pierre must be feeling this is a situation that needs some help.
We've found kimberlite just not the ones with the big diamonds. We probably need to hit another 10 pipes to find something as they say about one in thirty pipes contain diamonds.
Olivut is probably close to finding something. But we'll need some investors to ante up with some serious cash if they want to roll the dice.
And a new $10 million dollar exploration program could yield a billion dollar discovery.
But having a few small diamond streams would at least dip our toe in the waters.
Just ideas.
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