Good Morning @Joelstar, Hope you had a great weekend.
My question to you since you have had a pulse on this for longer than me - what sort of reaction are we getting to Big Springs in USA? Any hungry bigger sharks do you think or perhaps not meeting to the company's valuation yet? I would prefer to get a good upfront with perhaps a royalty attached or even a JV (upfront payment + retaining x%) The time is going to come where that upfront can be used on the existing mill renovations/upgrade or bigger warchest for drilling Golden Corridor like swiss cheese.
Fair to say the market has completely wrote off this 1Moz (>500koz Measured + Indicated) asset?
Jerrit Canyon below:
You should also know that First Majestic are planning 18kms of drilling this year for Jerrit Canyon as indicated in their conference all in February.
That 40c-50c may come quicker than you think! Although personally we will need a study release to the market but I would never discount market sentiment and euphoria - all it takes is a few juicy drill hits and before you know it there may be a few bigger funds taking out the likes of Euroz Hartleys and Argonauts paper.
Hi @Kamprad7, Good questions and same ones I had to be honest before. There is a good detailed explanation and commentary provided at the backend of the release in Appendix B from pg21-30
WA8 Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
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