RE: Hopefully a new page1 Aug 2022 12:55
Pure speculation but I agree with the general sentiment that this has probably been stewing for a while and negotiations with shareholders in Mexico were dragging on. Bill was likely sitting on the drill results until he could get approval and could drill central. I can't help but feel it isn't a coincidence that the new guy comes on board and 1 business day later we get this. I can imagine him telling Bill about sunk cost fallacy and to just drop Mexico entirely, which I think is correct.
I don't think it wad a vanity project, just historical and an effort by Bill to try to keep to his strengths and the business plan first set out. Explore, acquire cheaply, hold many projects at different stages to stay diversified, look for J/Vs. Evidently if we are planning to mine ourselves the priorities and resource allocation have to change, as many have been saying here. The business model is still functional, but we already have four projects (teo complexes) that are home runs from the discovery side, so the others are just distractions now.