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
SBR Price at posting:
4.0¢ Sentiment: LT Buy Disclosure: Held
