Comment by Trader2155on Oct 28, 2025 3:28am
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Post# 36765245
RE:RE:Puma is doing pretty good.
RE:RE:Puma is doing pretty good.To me the option agreement is good as I talked with Puma executive, they shared they didn t have the expertise to bring this deposit to production. Kinross has this experience and the money. Having Kinross lead the project is good as the Puma team will be gaining valuable insight as Kinross team has way more experience in big project like this than Puma and also the money, thisy will give the opportunity for some of Puma team to continue exploring the new property just close to St Quentin.
When Kinross makes a decision to whether to go in production or not..if they decide to go in production then Puma will have 35% of the earning from the project. To me this is a win-win as I shared Puma doesn't have the experience to bring this project in production so they will gain valuable experience and get a 35% cut in the production plus have an income flow to explore there other properties they have then they will have solid backing and experience to start there own mine if the other properties turn out to be good also as William Brook etc..there is a possibility if the deposit is more than expected, maybe Kinross might offer to buy the 35% they would not have for a certain amount of money and maybe shares also..this i'm speculating but i wouldn t be surprised as i have seen many deals done this way. Puma could sell the 35% and keep a 2% Royalty from the mine production etc..Puma will make money out of this arrangement either way.
Good Investing