Comment by Zoolooon May 29, 2021 9:54am
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Post# 33292278
RE:RE:Interview with Stephen Stewart
RE:RE:Interview with Stephen StewartYes, and in one of his recent interviews Stephen also talked about the existing tailings at McGarry going back through a mill. I would imagine that would be part of any deal with Golden Candle for the tailings facility. And yes Golden Candle is now in the process of going public. I would think they would need quite a bit of money to build a mill and they would likely need a tailings agreement with Orefinders before they could even proceed with building a mill, so things could unfold fairly rapidly. I would imagine they have already had some preliminary talks.I wonder if they would also take ore from Mirado, the McGarry mine and Barber-Larder all owned by ORX and maybe Omega too. I'm not sure where KL fits into this. So far they only own ten percent of ORX, so a deal with Golden Candle at the present time should be accretive to ORX. I'm a bit confused by this interview with Stephen. After the recent deal with KL I thought they were talking about using ORX's 7.5 million for "acquisitions" but now Stephen is talking about using it for drilling. It seems the focus has shifted to hitting something good enough that KL will consummate their option with ORX. Anyway the potential is there for any deal with Golden Candle to be a blockbuster.