right now, its about value appreciation.
whether we get into production?
if we go from 800koz to 1.5m oz to 3 moz, to?? step in anytime you want to take over this little company.
If you are wanting more feed stock for your own plant, maybe 800 koz is enough as it sits.
For one, we could toll treat the 800koz without building a plant. So why wouldnt someone just try and take us over to steal the whole show, and get the 343mt of hammersly iron for free, which they wouldn't care about, but sell to mitigate their costs. Not that they would care at all, as it is the gold, copper, silver, zinc they want.
What does 1m oz of around 5g/t and 1.2% copper with zinc and silver go for these days? 50m? Especially if you are in the neighbourhood and logistics aren't a big issue, and the little gem you've been watching has been tucked away in government hands for a while.
wont be hard to step out in some direction to extend the 800koz.
So who would take 50m valuation take-over in a couple of months if our first round of drilling can round off the 800koz to 1m? just spit balling.
We havent been tested at depth or laterally ??
5m mc cough couch. (thats the price pip traders ask for their company)
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