if they're selling Jerusalem that should postpone a CR significantly wouldn't it? And that might be best, there are plenty of other price catalysts and project milestones for other assets. Telling that Jerusalem was NOT part of the company's timeline last month in the announcement. Hopefully management is waiting for favourable M&A conditions or elevation in gold/silver prices to fetch best price.
Taking stock of remaining assets:
Dynasty: shallow strikes, not fantastic grades but there's so much of it around. JORC due before the *end of September* this year.
Copper Duke: crazy this is an additional asset - free risk on this due to current valuation. High grade copper and gold magnetic anomalies similar to other tier 1 assets. Soil survey half done. Drilling to start *before the end of the year*.
Linderos: Loma Alta region looks good. Could get some more positive drill news here mirroring results at Los Linderos. *Drilling due to start before the end of the year*.
My thoughts are the SP will get momentum when JORC is finally out (probs closer to the end of the year rather than September) which will happen when drilling programs will be on foot for two very prospective projects.
Macro: Gold should rally, with inflation rearing its head. BTC is f*ed, gold will be the best inflation hedge commodity. Copper demand will be driven by electrification of our planet to go green. All looking good when you take a step back and look at the multi-year 3-4y view.
TTM Price at posting:
10.8¢ Sentiment: Buy Disclosure: Held
(20min delay)