RE:RE:RE:RE:RE:RE:RE:RE:Fork In the RoadYou can't fairly compare LME to GBR. Different projects, different geologies, etc. LME is a brownfield project....it has hosted TWO past producing mines which is a positive sign there is more gold (and base metals) in the ground...it just need to be properly defined. Whereas GBR was discovering an entirely new (greenfield) project. The geology is such that it is VERY deep and therefore rather expensive (less economical) to mine. GBR was liklely motivated to acquire a new project to diversify away from their Russian operations which were a substantial part of their portfoliio. (Their russian mines were effectivley taken from them shortly after they acquired GBR....so good thing they got that deal done).
As for share price, again, you can't compare GBR to LME because they have different amounts of shares issued. LME has over 260 milliion shares outstanding while GBR had something like 57 milliion shares. Getting the same valuation as GBR did ($1.8 billion), for our Ishkoday project is something like $7.50+ / share. So that goes back to the question, how much gold does LME have in the ground? More gold = higher valuation / share price.
I too would like to know the 3-5 year plan to advance the Ishkoday Project (similar to what Cynthia released in 2018). That way we know what milestones LME is working towards. Of course a company could at anytime make a compelling offer to aqcuire LME, BUT if that doesn't happen, what actions can we expect Cynthia and the team to be doing to create shareholder value? (I should note that plans can ofcourse change/be updated based on new facts - drilling results, capital market conditions, price of gold, interest rates, etc)