Post by
CaptainE on Jun 07, 2024 3:15am
I see a lot of talk….
About a few folks being dissatisfied with the .43 LOI representing 30$ per ounce in the ground. My take is that due to metallurgy and Cu content any offers such as this are primarily focused on the CS600 which ups the dollar per ounce. The risk of a tunnel sterilizating the claim or litigation regarding such(unlikely but possible) and the amount of time it would take for us to get to feasibility and permitting there is a large loss of opportunity cost in waiting at the 10-20 cent range. Personally I think this is fantastic as yes it way start a bidding war and for those of us with holdings in the other amigos you can't deny that this will give us some momentum moving forward. The true value of the claim will come forth as time goes on but for right now this is a sweet deal. Greed will kill, take a win for a win. Cheers longs.
Comment by
Stockmoves1 on Jun 07, 2024 8:35am
here is the KEY number to watch for .25 / If .25 goes 34 and 43 are now potentially in the cards / 25 is pivot for amk and .96 / 1.05-12 for TUD