RE: Interview up2 Dec 2021 20:11
If my intuition is right...then this is probably what management heading for OR should be:
(1) Hanc0ck -
fast track and prove up the resource within 12 months. Lets say 50Mt @ 60.4% fe
Sell it on to either RIO, BHP, FMG for $200-250m and get Cash in the bank.
(2) Brockman -
work programme getting underway. Much bigger potential resource here. Lets say e.g. 150 - 200 Mt plus. Again fast track it and prove up resource. Sell it on again to any 3 of the ones above for lets say +$500m over next 2-3 years. Get more Cash in the bank.
(3) Elizabeth Hill -
again fast track work programme and increase resource to build on existing JORC resource. Sell it on to any of the industry players e.g. First Majestic Silver. Get more Cash in bank.
(4) Munni Munni -
north & south licence. Again fast track drilling and increase current 2.2 Moz resource to sell it on during current Commodity Super cycle. OR keep 50% JV.
(5) Mexico & Greenland -
Rinse and repeat as above. If silver resource at Mexico proves up to be Huge size, then who knows, Fresnillo could be interested in Buy Out or JV or any other industry player for that matter.
Thats my vision for this company. If they execute strategy right, then UFO could be sitting on big pile of CASH over next 5 years.
Next 12 months could be quite amazing here with some jaw dropping gains to be had.
Might share this with Bill Brody.