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Hi Quady.
I'm not saying that it can't be done.
It's at what cost, who can do it and the big question is, how long is this going to take, with overruns and delays?
Will the Equadorian government be willing to wait many many years due to dilution needing more money to fund unforeseen issues, before getting their money?
I don't think so.
GLA
Hi Quady.
Once again, that's my point.
Expertise to build a mine needs to be paid for.
Where is the money coming from without dilution?
I appreciate that NM believes that we are going to production, and I believe it is possible, with a J V.
But, I cannot accept that he blindly believes that this can be done without substantial dilution.
I am intrigued to see the next RNS and to pull his next ACE out, that will rocket this SP to where it should be by now.
Very shortly there is going to be the AGM.
There is, inferred, a POSSIBLE, TRILLION DOLLARS of various metals on the land owned by SOLG and I suspect many companies that would like the opportunity to be monetising that as we speak.
So why isn't it?
The other political issue to consider is the Chinese/Australia row.
What a coup that would be, for the Chinese to pounce and outbid an Australian company for future controlling interests in Dwindling recourses.
We shall see where we are after Christmas.
AIMHO
GLA
DO YOUR OWN RESEARCH.
Quady.
That's what I have been saying all along.
I won't go into my calcs.
My outcome is around 240 per share for a buyout of around 9.4 billion.
For what's already been shown and what's inferred, that price would be easily managed by a bigger private, or nation owned company. The outcome here is very simple and the sooner NM accepts that the better.
Do what you know and move out the of way to let the, PROFESSIONAL MINE BUILDERS, do what they know.
GLA
DYOR.
COMING SOON.
IMHO
xxx