Other than Thompson Bros, which assets would you prefer have the focus?
For reference, Brazil Resources (now Gold Mining Inc) acquisition of Whistler is described below (including their reasoning for buying it) - essentially buying up assets whilst they are cheap during the commodity downturn:
http://www.goldmining.com/news/index.php?content_id=139
With a large historic resource and good exploration potential, the Whistler Project, at the low acquisition cost of 4.5% dilution, marks a significant milestone in the Company’s strategy to increase shareholder value through accretive acquisitions during the current commodity downturn.
The Whistler Project includes 304 Alaska State Mineral Claims, a 50-person all season exploration camp, airstrip and assorted equipment.
Garnet Dawson, CEO of Brazil Resources, stated: "The Whistler Project is a very exciting and timely addition for our Company. By leveraging the current commodity cycle downturn, we are building a quality multi-jurisdictional portfolio of projects throughout the Americas, while minimizing acquisition costs and dilution to our shareholders. Thus far, this strategy has yielded several accretive acquisitions, including the Cachoeira, Sao Jorge, Rea Uranium and the Whistler projects. We will continue to move forward with this strategy to complete accretive acquisitions in the current resource climate and further enhance value for our shareholders. "
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Estelle Gold Project Resource Value & Revenue Estimates, page-39
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