Agree, to a point, SW.
Imo, the Carnegie investment is the 'longest run' of all Bci's current diversification strategies. KLL need to get Beyondie up and running before Bci get to excited. I don't believe we will see any serious developments re Carngeie for at least 5 years, other than Bci's minimum investment requirement obligations to get to the 50% ownership.
The reason is, Bci's cash-flow projection and management.
Bci now have a few strings to their bow, all of which could individually consume a large amount of cash, and they will need to manage their cash-flow for these investments strategically. I would like to think AV and the team have prioritised these and have cash-flow projections and plans sorted for each.
In these situations most CEO's work on the 'low hanging fruit' philosophy, so i can see Bci investing in drilling activity at the Gold + others tenements as a priority, and hoping for some great results.
I also found it interesting that they mentioned in the quarterly that have delayed the Bulk Sample from Buckland's, sighting the new mineralogy tenements as priorities. In a way, imo, the decision to delay the bulk sample is a glaring example of Bci's cash-flow management and prioritisation strategy, at work.
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Agree, to a point, SW. Imo, the Carnegie investment is the...
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