Post by
deepoil0808 on Sep 25, 2024 2:09pm
EVOLUTION MINING....to BUYOUT NILI....
Research on Evolution Mining. They are a MULTI BILLION $$$ company and they operate 6 successful gold mines around the world.
GOLD prices are soaring of late and they are hitting RECORD PROFITS.
In 2025 they will produce 700,000 ounces of gold and have in resource 30 million ounces. There gross margins are 47%. Profits increase 70% from prior year and, cash flow was up a whopping 1,533% from prior year.
They have significant cash on hand to make acquistions.
Evolution Mining now finds itself sitting on 2.89 million tons of LCE on the private lands, of which 75% is theirs and 25% belongs to Surge.
NILI will be BOUGHT OUT by Evolution Mining (per my opinion).
A deal could work as follows, that NILI sells project to Evolution Mining in exchange for cash + shares of Evolution Mining worth $ 1.6 billion.
It is just a question of time, not if, but when???
I think that there is a reason why PEA was pushed out to Q1-2025 as management is pretty strict about their deadlines and has always met them on time.
I think that EVOLUTION MINING has signed a NON-DISCLOSURE AGREEMENT with NILI. They will do their due diligence on NILI over the course of the next few months. The PEA will be the cherry on the cake, showing strong economics for the project.
Therefore, I am not even certain that the 2025 drilling will be done by NILI or, will be done by EVOLUTION MINING.
Good Luck,