I-80 Gold Corp T.IAU

New Press Release - i-80 Gold Signs Non-Binding Term Sheet for the Joint Venture of the Ruby Hill Property

RENO, Nev., Nov. 7, 2023 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company") is pleased to announce that it has entered into a non-binding term sheet (the "Term Sheet") in connection with a potential joint venture with an arm's length third party pursuant to which...read article.

[NineLives]

Didn't see that coming. I guess no intricate details until the trial period is up. The fact another entity is going to be paying for the drill work is kind of exciting as it speeds up exploration of Ruby Hill. Now if only that same company would buy 5% of outstanding float in the open market  because that's what's needed to take up this slack in the share price !

[hankhenry44]

Who is the join venture partner? Hecla? South32? Probably not Barrick. Too small for Barrick.

[Aurum79]

   This is good news. And they will start buying if they like what they see. This property is a bonanza and will pay off. 

[Ridgeback]

Sprott Opinion In our recent discussions on I-80 with key investors, we observed several clear trends, notably positive acknowledgement of the upside of I-80’s 400-500koz plus potential, and fact that the company has delivered several world class discoveries (Granite Creek’s South Pacific Zone Au, Ruby Hill Hilltop CRD) above and beyond the existing 14.5Moz resources. However, investors were

[NineLives]

National Bank claims 'the announcement wasn't unexpected" and continues its $5 price target. The selling continues, there's been no let up since November 2022, through all the good news. One question I do have, the $43 million set aside for reclamation does IAU keep the interest earned on this and does it go back into the cash ? Because over a course of a year that's almost