Maybe I'm a dummy but...So I've been reading Steve's original post over again today and some things don't seem to be adding up. Maybe someone can explain them to me.
-When LME bought the adjacent 10km property, he said that the team had been looking at it and working on the deal for years.
-Steve also mentioned today that becasue of the new property, Cynthia told him that there is going to be another 10k-20k metres worth of drilling needed to get entire Ishkoday property over the finish line for a major or whoever, to buy it. So it would seem she has known for some time that more drilling was going to be needed eventually. Why all the talk of disposition and the setting up of the Special Committee, GCA, etc if more drilling is needed?
-During the 2022 drill program, they drilled 14,211m in 7 months of drilling at a cost of around $2.5M ($175/m, as per the AGM last year)
My question is why would they sell to an intermediary and lose so much value when it looks like they would only need another year of drilling, produce an MRE and then disposition? (over-simplification).
I know it would take more time, but in my opinion, that would truly maximize share-holder value.