Post by
drunk@noon on Jul 15, 2023 2:50pm
SP Weakness could be orezone making an aqusition
as alluded to in a northern miner article. I am not saying this is happening, I haven't a clue, but it was mention. This would of course be a B-dead move, especially if they used shares as currency for such a thing. But you know my opinion on management. This would explain the weakness. If for once the toad left well enough alone, financed the expansion with debt, which is a slam dunk given the payback period and short build time on a 280,000 annual oz operation with sub 1000 dollar all in cost. AND IIF HE DOESNT MAKE AN AQUISUTION or combine with some other outfitt in an all stock merger--- if gold stays around the 2000 dollar level, the NAV on such a project with a 15 year plus mine life would be an easy double. BUT if anyolne can once again snatch defeat from the jaws of victory as was the case with the first phase of the project--this management can.