Ann: Norton Gold Fields and Bullabulling, page-5

  1. 12,180 Posts.
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    @Tombu

    I doubt if Zijin is even worried about the royalty to JRV... it all depends on getting the production started - no prod, no royalty... if they produce, they make some serious $$$ and passing on $30 per oz should not be a concern for them...

    buying out JRV for $5m is not going to happen... we already crossed $5m MC yesterday... for a junior the price has to be multiples of the current sp IMO to make people sell... I know DP holds a lot and he has been buying when the sp was above $3 (before consolidation of 100:1) so he isn't going to sell out at 10-20c a pop now...

    let us hope that Zijin start production at the soonest so that a royalty stream starts flowing... very early to say how this will unfold but the graph is slowly creeping up... a long way to go...
 
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