Interesting that you think it will take years for Linderos to get to 80%, I would say 12months at the most from their drilling start date November 2024, because Hanrine only need to spend $20m and drill 25,000M, then make a decision to mine.
My additional rationale for a quick drill by Hanrine are:
- They don't have the same reporting requirements as per an ASX listed company and they have a lot of funds to use on drilling rigs if the first few holes look really good.
- Gina has a massive wealth so adding $20m into an exciting project is a click of the fingers no CR required.
- How quickly could 12 rigs drill out 25,000m? They had that many rigs at AZS.
all that means results super fast.
Of course Linderos may not be as good as we think in which case it will be dropped pretty quick too, but i think not for dropping.
If we get some great results over next 3 months we may be taken out as you suggest lets see where it all goes.
I am very positive about TTM but I don't see us getting much out of linderos directly, of course if Linderos is really good it may be Gina that buys us out to secure 100% of Linderos plus our gold.
(20min delay)