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Yes. I agree. For most long-termers, we are unfortunately in a very bad situation. Let's wait for these drill results and see what the score is. A JV announcement with the results would be apt. Otherwise we are on the road of just drifting again, which is unacceptable after this length of time. Cheers Jib.
Eric- as a new investor in what has been a pile of cow dung for longtermers, i see the situation inna different view. If the sp doubles as we stand i will sell. If they consolidate on good news i will stick around and new investors will pile in on 4 million ounces at a penny a share with 1.5 to 2 billion in circ. Keep it as it is they will struggle. Consolidation is the only way forwards on good news of 4 million ounces. They imo have this in plan.
Yes if it doubles as it is i would sell and move on as too many shares floating around like a bad fart in a lift. Consolidation is the way forward. I believe that they have a 4 million ounce project and on that it is the gamble in me investing. Inbelieve that they gave up del because they know mutsk is the bees knees. I also believe that they have been hiding the true potential of mutsk and that birdy wouldnt have joined up if it wasnt a company maker.
As somebody else said. Why would they release the true mutsk potential until the 80% earn in is sealed. Lets get ready to rumble because this shit is about to take off imo. Good luck all.
You can have an 80% earn in and still have nothing feasible. The latest RNS tells me it's at least 3 million ounces short of your desired 4 million ounces. Basically I see it as being a close call in terms of its economic viability. Hence why the JV is clearly on the line as ORE are publicly having to force Georaid into a decision. If Georaid decide to back out and not spend the "significant amount" on the Mutsk project then there is 20% on the table to tempt someone else. I think the decision has already been made and we are just going through the motions and also why you are able to find the request for an additional JV on the Web. "Take off" sorry I don't think so.
Also there has never been any risk to the 80 % earn in. ORE have total control over that, it's totally irrelevant. The JV, the undisclosed "significant Amount " the JV partner is expected to spend and the asset feasibility are the areas of risk