RE:RE:RE:Landing Zone An interesting perspective CG!
if a buyout doesn't take place it will be because RT is not willing to offer what ETG's deposit is potentially worth, plain and simple. The downside for them is sharing the mining sale proceeds with a small partner that will provide no assistance or coinage to pay for development other than their proportionate share of expenses. Every $ of profit will be a $ less going to RT. Just as bad as giving 34% to MG. Essentially an additional tax of sorts that will eat into RT's business.
My opinion- RT doesn't want another appendage sucking coin off their mining operation. Remember this could conceivably go on for the next 100 years.
My thoughts are, they will "cough up and get rid of ETG. It's that or suffer the embarrassment of having a small leak in their banking operations. This is regardless of the long forgotten fact that it was ETG that let them into this mining operation.
How could they do this?
Provide ETG with a more than fair offer. If they don't, HCU isn't going anywhere. HCU is in the business of floating along on a long term small percentage steady gain. That is what they do.
If you want ETG it will cost you. Provide ETG with an offer that will knock their socks off. They will capitulate. If not a fair offer, they won't. It's not rocket science.
How much?
Try a billion- $5.00 .
that out to do it.
In the 100 year time frame, it's peanuts. Just remember, how did RT get here to start with.
They are Australian and tighter than bark on a tree. Maybe they will eventually realize they won't get this little shareholder company for nothing.
if they don't, welcome partner
RT could sell Heruga probably for 4 billion. Maybe more.
this would certainly payoff ETG and a lot of their expenses to date. But they won't cause in the 100 year scheme of things it's probably worth 10 times that much.