Post by
CaseProdemo on Jul 23, 2023 8:38pm
Time will tell
Time will tell how big this can get. We need 2 million ounces for GP to unleash his mining plans. The target is to mine around 120 000 ounces a year what will give him around 100 million Dollars to play with and build it out to something bigger.
It's simple LOL. Newmont might not wait and buys us out . That would be fine too.
Comment by
red on Jul 24, 2023 7:53am
This lithium prospect with Midas coincides with some other lithium prospects east of us at hidden lake ...rumours abound on that with preliminary work underway ....So the heat is on around YK with lithium ....check it out, ( just for clarity I am not in it) just showing it's getting serious out there ....https://loyallithium.com/hidden-lake-lithium-project/
Comment by
geolith on Jul 24, 2023 9:08am
Gold Terra will benefit from any discoveries or development Midas does. A free ride. Excellent deal GP, with no downside.
Comment by
red on Jul 24, 2023 10:16pm
All upside .... more potential for GP and Ygt with more holes in uncharted territory... laughing all the way to the bank on that deal.
Comment by
geolith on Jul 31, 2023 9:15am
Its not that Midas might stumble across gold, butbthey might find lithium or ree. In that case, YGT gets 20% of what they find. FWIW.
Comment by
CaseProdemo on Jul 31, 2023 11:05am
That is true. They benifit from discoveries and lithium is the main focus. for our new partner. GP made a great deal we all agree. He now can keep his focus on the main menu. 2 million ounces and a plan to start mining. Price always comes to value so that will sort itselve out as we go. Next results are hopfully the tipping point. This can not stay this cheap.