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Bullboard - Stock Discussion Forum Trelawney Mining and Exploration Inc TWNNF

GREY:TWNNF - Post Discussion

Trelawney Mining and Exploration Inc > Trelawney shareholders ...
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Post by seym5 on Jun 15, 2012 8:43pm

Trelawney shareholders ...

... should take a look at Sanatana (V.STA). They have the option to a bunch of key claims that IMG will need to develop Cote Lake into a mine. This puts STA in the driver's seat!!! If Trelawney is worth $600 million to them, then what would cash-rich IMG be willing to pay for Sanatana? $200 million, or $2 per share????
Comment by digger144 on Jun 15, 2012 9:26pm
Hey Seym5... I am very familar with this play...have been in since March 2010...I suggest that you take a close look at the location of the claims that Sanatana has a 51% stake in...the Cote Lake Deposit can easily be developed without them. When Trelawney bought out GLD the vital 9 Claim Package that was required to make way for the Cote Lake Open Pit became 100% owned by TRR...those claims were ...more  
Comment by seym5 on Jun 16, 2012 3:36pm
I'm afraid I will have to disagree with you on this one Digger. I know for fact that Trelawney really wanted these claims. Whether IMG really needs them or not is open to debate but the Watershed Property is something that would be of value to IMG if they are serious about developing that area to its full potential. Considering how much cash IMG is making, taking out STA would be a drop in the ...more  
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