Morning all.
the pathway seems clear enough, but the problem from my experience is the big guys won’t get interested until there’s greater certainty. They prefer to pay more for something that is more certain, than punt at this relatively early stage. Pfs at least for some, might even need full BfS.
they ain’t cheap. So I’d put one on care and maintenance and plough the funds we have now into getting a pfs done ASAP. Then sell/jv. Then use those $ to get the other one to the same stage or beyond and maybe start on Verde Chico. will management actually follow through on something like this or some other monetisation strategy? They’re clever and experienced. Let’s hope so.
Cheers,
ned.
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