Don't disagree , I am just trying to foster some strategic thinking and decisions making .
No-one seems to be questioning ( yet )that our tenement(s) have great potential to hold one , or more , significant ore body (ies) .
The market cap is currently $9.29m .If its all too hard , we could probably flog the tenement for > $20m , having regard to what we have already seen ???
That would double our current EV!!!
So my question is ;How do we realise the value from our assets ?
I agree , you wouldn't want to be letting someone in at the current ridiculously low sp BUT we appear to be limping along painfully dying death by a 1000 cuts .
Obviously we need to attract some more attention by way of either spectacular results , or demonstrate increasing grade and width down the Guchab valley to get the sp up ...let's hear of any other suggestions !!
However , even if we are able to do that , imo development of the tenement realistically requires a much larger ( and resourced )player to step up , take a share , and drive the project forward within acceptable timeframes .
What is better : 100% of 4c ; or 50% 0f $1.00 ??
IMO a partnership , JV , Buy-In , or Buy-out are inevitable at some point .It is just when and how much ?
Let's get on with it !!
Step 1 ...deliver some goodies promptly ....
then realise some value for shareholders and let someone share the hard work with us at an accelerated pace .
The other choice ... continue to crawl slowly over broken glass and while bleeding slowly to death , continue to whinge about the low sp , the Board and Management .That is not what I want to do .
Best wishes
Q
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Open | High | Low | Value | Volume |
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5 | 732011 | 0.011 |
3 | 422818 | 0.010 |
2 | 495000 | 0.008 |
1 | 200000 | 0.007 |
Price($) | Vol. | No. |
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0.014 | 286850 | 3 |
0.015 | 404929 | 2 |
0.018 | 187001 | 1 |
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