RE:RE:RE:RE:Fork In the RoadThanks Smitty64,
I do. I think initially many will be disppointed with the fact that it isn't a buyout and that may cause some downward pressure on the SP, then it depends on the deal and whether it comes at a premium to the SP. People usually take a negative view of dilution, but if they communicate well I see that being a non-factor. With a cash infusion that covers a new year three year plan with the next milestones being the MRE and Economic Feasibility studies, and the announcement of a large scale drilling program I would hope we would be testing new highs between 0.80-1.00 (the stock price has been higher, but I am accounting for the dilution).
The drilling program will produce lots of assay results. If they are positive, there will be upwards pressure on the SP. This combined with more clarity on the economy, a potential new floor for gold prices and the lowering of interest rates, I think pushing $2.00+ is a reasonable goal for next year. Especially if as you alluded there is more institutional buying.
The release of the reports as well as other derisking activities that Laurion will do in the meantime I would hope take us to 1 billion or more in market cap in 3 years. Depending on the float 3-4 dollars per share. I also think the Greenstone will be up and running, which will be great for Laurion, as it will be the best comparable for the potential of the Ishkoday. An acquisition by a major at that time would likely be at a premium to the market cap.
The risk for me is that Laurion is unable to make the deal this year. I think the 43-101 supports it from a financial stand point, but 25% is significant control and F&F might not be enough if there are competing interests.
In the end I think Laurion is 2 years behind schedule. The majority of that I put on the pandemic. In the meantime I have enjoyed reading the 43-101. I do not agree with a statement made on this forum that none of us can understand it. Certainly not fully understand it, but there is enough plain English in it to help a layman form an opinion.