Prism Resources Inc V.PRS.H

Looks like Agnico going to make a move to buy Prism

[TheREVOlution]

They desperately want that 7.5% royalty on that large Detour/Sunday Lake property it covers. At the end of Feb. Agnico  bought ( stole) over 11% of the outstanding shares of Prism in a surprise move from Trevali Mining who is currently under Companies’ Creditors Arrangement Act (CCAA) or pre-bankruptcy. Why would they do this ?         The only answer is that they are planning to buy the rest of Prism plain and simple so they can finally retire that huge royalty. 

I expect .50 cents per share is not out of line here.

[TheREVOlution]

 Now you have to read this to understand why Agnico will be going through with this. https://www.canadianminingjournal.com/featured-article/steady-hands-whip-detour-lake-into-shape/ Excerpt: " One of the more exciting aspects of Detour’s future, however, is the new high-grade discovery south of the current open pit along a major east-west structural break less than 6km south of the

[TheREVOlution]

Further proof :    Agnico is going to do some exploration/drilling in 2024 on the property that Prism (PRS.H) owns the 7.5% net profit royalty on and no doubt they want to retire this large royalty before they make any new discoveries or expand on area 58N: " In addition, the Company expects to spend approximately $7.4 million for 40,000 metres of regional drilling in 2024