@Corgi Appreciate all of the info you and the other lads share on this thread. Very thorough and plenty of insight.
I tend to agree with your theory that a pending acquisition is becoming more and more likely as the deposit at El Zorro continues to grow and develop. In the case that a future acquisition becomes an inevitability, would it not be in the interest of all shareholders to push for a JV deal of day 50/50 instead? I would've thought a lot more value would be had in this scenario, albeit a longer term play.
Also, if the future acquisition plays out in the near term, and in the case that TSO delineates, let's say, a 3-5MOz resource within the Ternera area and drills some of the regional targets roughly as you've outlined, any thoughts on a fair $/Oz offer? Surely circa $200/Oz given the large scale potential? This assuming the AISC proves to be relatively low.
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firstmac mortgage funding trust no. 4 series 1-2020
Ann: General Security Agreement, page-721
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