Post by
Tree2tree on Jun 08, 2023 1:28pm
No it's not shovel ready
And it may never be shovel ready in the hands of current shareholders. Between bankruptcy, a cheap buyout and actually building a mine, the mine scenario is least likely.
Btw, beware of sentimental investment biases which can be fatal - eg buying a company because it's in your home turf. Speaking from experience.
Comment by
tweezer1957 on Jun 09, 2023 5:22pm
There is enough money for a few years so no worry about bankruptcy at this time. If we do not get a deal in one year, I agree we will never see one as shareholders.But if there is no mine I think someone will buy the property and bank it for futur use. I expect the property is worth at least 200 million on the cheap side