Post by
shiftyone on May 07, 2024 8:18pm
I will tell you exactly what is going on here
This is a massive discovery. One of the biggest in the world. And someone wants to continue owning 20%. And the decision they made is to continue drilling and not give any estimates. To keep the share price down.
When more financing is needed, they will particpate. But they want it to be at as low a price as possible.
This is likely a 50 million ounce deposit. Perhaps more.
Do they want to announce that to the world? Not likely if they plan to keep investing in it for further successful drilling.
This is a great 10 year hold. Put it away and forget about it.