I get where you're coming from, RMS provides certainty. And as a top 20 holder, I respect that your risk appetite and mine are not the same. You might be happy with the 50% premium to our 12 month+ low, but I'm here for the bags.
RMS guarantees an 80% dilution in exchange for a 20% share in a mish-mash of mediocre projects. Sure, there are no other financing options on the table right now, but why would there be? We haven't even finished drilling Mace, let alone the other targets!
At the end of the day, we have gold in the ground and it is going to come out. There will be no issue in finding finance for a profitable mine, especially one with an AISC of under $1000. All we've got to do is add some more oz's and we are sitting pretty. No need to finance anything right now except more drill holes, because we all know there is more gold.
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