Reading more into Chalice on the back of Ray's mysterious allusion
$82.5m cash on hand with no debt, and fully funded for their major project all the way through to FID is a pretty compelling situation for a producer/explorer to be in.
Now the $29m comment leaves a lot more air of mystery, and whatever it's for, I hope that's a small slice, because sub $30m for anything we have except some kind of JV is low balling the potential of our assets. In my mind, and people have followed closer for longer so please correct me if this is a bad take, $29m JV for interest in Limon, to help get that ball rolling and sure up STM balance sheet to bring a new MRE for Bramaderos to market, would be the optimal outcome.
STM Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
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