RE:RE:RE:RE:RE:RE:Buyouts a comin’I'm not sure what you are asking me for ideas on....
I can give my opinion on a couple things, but this is just my own opinion and there is nothing to substantiate it....
I don't think SEA has deep enough pockets themselves to buy TC....nor do I think they have any aspiration to do that....They are looking for a Major to partner with themselves so I would think that's who would foot the bill if there was a SEA related purchase.
There is the possibility of both companies being bought out by the same major.....other than that, yes there is a good chance TC gets an offer first.
Metallurgy - I was honestly expecting last year.....Ken's newest interview changes that as it sounds like we are still yet some ways away from hearing that information. My guess now is second half of this year for metallurgy....If they can nail down the ramp to Goldstorm, we may see a PEA by end of year but I still think it will be next year.....But that's just nailing down where they'd approach it from, not delineating the entire deposit...that's going to take more than this year's drilling to do IMO.
I think that Ken is trying to fast track this to the point where it can be sold and begin development....I would guess that there is interest at these prices if he can get it there...This high grade is going to help us a LOT because as he mentions, it allows them efficiently fund the building of the infrastructure....if you can speed up the payback period it puts the project in a much better light to a developer. You don't mind mining lower grades if your up front Capex costs have already been paid back. Harder to justify buiding everything when it's going to take many years of lower grades to pay it back.
Another question worth considering when the buyout comes is will it be the whole TC property or will they spin off Goldstorm and then start on the others?
It's been a long time coming, and may be a long time yet, but this year could really prove to be interesting....especially if Gold rips...but we say that every year...lol!!!! I have opinions, but not a lot if insight unfortunately....