RE:RE:Gavin Graham on bnnWe are at a cross road. He did spent the time and money to look for the gold he told us 3 years ago. The results so far are one million ounces added to the 700k ounces he started out with. Most juniors would be thrilled with those numbers but GP gave himselve a higher target to be able to get Con mine option done. So close but not enough with a brutal market that does not care. In a different market like he had at Detour this would have been a done deal and we would be fully finaced shopping for a mill by now.
What I would do now is get some more time from Newmont finish the deep hole #2 put out a feasibilty study with the updated ounces and let the market come to me.
We can not keep on drilling with the stock at these levels. That is suiside for us stockholders.What other deals can GP pull out besides selling more shares. How about a JV North of town on ground we won't get to any time soon?We need a reset thinking out of the box. The project does not go away but we will at this pace of dilution.