Post by
RatPatrol on Jan 16, 2024 5:25pm
Note #2 To Management (cc To OWNERSHIP)
I'll start with the Wishful Assumption that mgmt sits on claims totalling 10 -15m oz of recoverable gold in 3 disparate locations in friendly jurisdictions.
I also suggest that this package in the PUBLIC DOMAIN under rising gold prices, might fetch $1B.
So the project is to spend as little as possible, to reveal as much with high confidence.
The Lundin bros have launched a $500 million fund to develop grassroots projects such as Mojave, Si2, and Weils.
You know all this better than I.
Although their investment is worth entertaining, ten pennies is a lousy starting point.
So one suggestion might be to run a number of scenarios through a sensitivity analysis.
I personally prefer KEEPING ALL 3 properties.
The rising gold price will lift ALL 3 BOATS.
You might also evaluate a further consolidation before bringing on a partner.
You've got the expertise, but you would want understanding and support along with some dough.
BWDIK JMHO