FM3 firstmac mortgage funding trust no. 4 series 1-2020

You make some great points here corgi, very rational. What you...

First 302 Last

Share
Profile

Follow
luckedout

223 Posts.

41

01/03/21

14:44

Post #: 51421611
Share

Originally posted by Corgi: ↑

I'm very confident of a positive result out of all of this.

Why? because money talks and no one likes to lose money. If i was the vendor, why would i risk losing a negotiated cash/cash equivalent buyout of my 20% stake in the project and enter into a new agreement where if TSO develops the mine themselves and requires a capital outlay of $100 Mil + that I would have to stump up $30 Mil or more. Or have my ownership in the project diluted down practically nothing, say less then 0.5% and eventually nothing!

NO WAY would i agree unless i know that under the new arrangement that i would be better off and the Only way i would be better off is if there is an acquisition of the project and that TSO would agree to sell and not decide of build it themselves!

Zeff maintains his stance that we could take El Zorro into production to maintain some leverage, however, the way El Zorro is developing, there is a strong chance for a Mega District Size system 15Moz + and there is now way a junior could take this into production alone. GOR Gruyere is Big, but, Not that BIG and they developed Gruyere under a 50/50 JV.

I do think that when the company was formed they genuinely wanted to develop smaller scale mining operation at Tenera and that the Higher Grade Central Zone was going to be their payday. When the company was formed and pre-listing explorations commencing in 2017, the POG was no where near today's prices and the business case they put together would have been based on prices around that level. Who could have predicted what happened in late 2019-current date.

However, ALOT has changed! the asset is WAY BIGGER than what could have reasonably been expected and we all got lucky, nothing else.

Let's hope for the biggest MRE possible, we need to make each drill count! pray for the thickest intercepts we have yet to see.

Expand

You make some great points here corgi, very rational. What you said regarding a T/O makes complete sense with the JV partner. You have a real knack for piecing the relevant information together, more-so than most around here.

Hopefully the market sentiment has shifted in golds favour by the time it matters for us, I think it will have, exciting times ahead.

FM3 Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce's R327 found effective against E.coli during clinical trial

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Microcap Wrap: 5 explorers with news out today

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

There are more pages in this discussion • 605 more messages in this thread...

First 302 Last

Add FM3 (ASX) to my watchlist

(20min delay)
Last 0.0¢		Change 0.000(0.00%)		Mkt cap ! $0

You make some great points here corgi, very rational. What you...

Recce's R327 found effective against E.coli during clinical trial

Ava Risk Group expands US presence with A$0.7M Substation Deal

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Microcap Wrap: 5 explorers with news out today

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Featured News

Featured News

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

You make some great points here corgi, very rational. What you...

Top Stories

Recce's R327 found effective against E.coli during clinical trial

Ava Risk Group expands US presence with A$0.7M Substation Deal

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Microcap Wrap: 5 explorers with news out today

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Featured News

Featured News