Re: Slow day hypothetical...
posted on
Nov 21, 2013 09:37AM
Not sure I would characterize the summer as a fiasco. We now have a major acting as operator. Teck is on the hook to carry our costs to production. The deal means no further need for dilution which was a major concern for all. We are more than adequately cashed up to sustain us well into the future. Take any other junior in the Golden Triangle who is in that envious position. To boot, Teck made haste to get a drilling program underway on their dime to expand the resource. Not too shabby. It's easy to poke holes in what could or should have been negotiated. The macro picture is still tough. We'd be floating adrift without that deal. Let's have a balanced perspective. Just sitting back waiting for drill results which I suspect will be favorable. SF