RE:RE:Comments on the DFS
Agree this will almost certainly be a mine at some point. TLG, like any other pre-FS company, has little debt as no entity is going to lend them money prior to the FS coupled with evidence that they can/are raising a significant amount of the initial capex outside of borrowing. The question now becomes how well management can navigate the process from here onward. As mentioned in previous posts, I like the project but I don't invest in them at this stage of their life, with the added concern of the lack of trust I have in JR given his past words and actions.
I suspect this company will eventually be bought out - the question is when and at what price per share? It could be years given JR's apparent plan to put the DFS in his back pocket and hope he can hit more impressive holes with further exploration. The problem with that is, he's already got a viable project on paper (though one that was a disappointment in a number of areas), so get on with it. Wouldn't suprise me if TLG puts out a PR in the next couple of months indicating the company is being sold at a modest premium which JR and the BOD consider to be "...in the best interests of TLG shareholders".