Post by
Massivesulfide on Nov 28, 2024 4:28pm
The Hurdle Rate is holding this up
We can opine all we want about the reluctance of Chuck putting out a NI 43–101. We can surmise what the tonnage and dollar mineral value is. At the end of the day, a prospective purchaser is trying to figure out what the financial outlay is overlaying it with their internal hurdle rate. If a buyer needs $3 billion Canadian to enter into a JV and give the shareholders a piece of the action ($8 a share) for a 70:30 Split, what must the dollar value of provable metals required to greenlight a mine? Well, it is true that Chuck is withholding resource report information as only a half a dozen companies could undertake this project, it also serves his own personal interest Not to publish the data as it gives him the option to accumulate more shares at a discounted rate, and secondly keeps the clock from starting and putting pressure on him to make a decision. Short of an interested party putting in a hostile takeout offfer (Which is probably prohibited by the NDA they signed), we will all just be sitting back waiting until Dr. Fipke thinks it's time to proceed.
Comment by
MassiveisKing on Nov 28, 2024 5:55pm
Yet proceed it will. Nobody would post a link to a video celebrating the work done to date unless there was a extraordinarily huge chance of success. Who would want to promote a failure? We are golden.