Touquoy,
My hypothetical JV was more of an illustration into how atv may lose a large share of Touquoy to allow a mine to be built. And thus a reasonable explanation of why the MC is only 20mill.
Do you feel that it is reasonable that in a JV atv may lose 1/3 of their interest in Touquoy, reducing their interest to only 40%?
Do you have any realistic explanations/ideas on how the mine could get financed and the subsequent dilution implications for shareholders?
Please refrain from speculation that they will find a 10 mill oz reserve in the next 12 months boosting the share price to $1 enabling a simple cap raising and debt. Try to have a realistic view of what is ahead for this company.
The reason the MC is 20mill is not due to poor advertising. It is because this is an extremely risky business.
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