Post by
Goaweigh on May 11, 2020 1:33pm
Still only scratching the surface and what about beyond the
4000 meters of strike we've barely touched so far.
Every press release just drives home the realization of how large this system is and how much work it will take to fully explore it.
I think it was a year ago I had the crazy notion of splitting the property into 3 zones of 7000 meters of strike and then JVing 2 of those sections with a Major, maybe they spend
$ 20,000,000 or $ 30,000,000 to earn 50 %.
We could do that on the remaining two 7000 meter zones or even break them up into smaller sections of 5000 meters or even 3000 meters. 2 JV's or 3 or even 4 .
Can't remember the details now but it will take 2 lifetimes to fully explore the remaining 16000 meters along the LP and there must be a way of getting full value for all that potential other than just relying on the 2 % NSR Spinco.
The more gold we find in this 4000 meter section the easier it will be to JV the rest.
Plenty of Co.s would love the opportunity to JV, raise a ton of money and explore part of this discovery and we sure don't have the resources or manpower to do it alone.
We could create and control The Mother of All Area Plays.
Don't think it's all that crazy actually.
Comment by
rborhi on May 11, 2020 1:39pm
If that's the case, why not break the entire property up in two or three pieces then, and spin off one or two other companies to oversee the exploration on them? Create one or two entirely new management teams that can focus on each chunk and really get this moving?