Pardon me for letting my mind wander while I patiently wait for drill results.
(Keep in mind that these numbers are only ballpark values.) Feel free to add more accurate numbers. Just trying to consider another option that could add overall value and gain more attention in the mining community.
Consider the following:
1. Kodiak and Sage field offices are both located next door to Kodiak’s core shack.
2. Both companies have been hush-hush about assay results on the area between Sage’s GE and Kodiak’s GM.
3. Combined, they have what seems to be around 75% of the claims in the BG gold camp, with many of their larger holdings adjacent to each other.
4. Kodiak’s SP is 8 to 10 times the value of Sages. A conversion of 8 Sage shares to one Kodiak share and combining the 2 companies would add approx. 30 M shares to Kodiak’s approx 100M.
The end result would be a lion’s share of an entire area play with over 2500 sq. Km. of land and about 130 M shares.
Would this be a viable consolidation?
Could this be why Bill Chornobay resigned?
Could Brian Maher have come to the conclusion that the combined GM and GE, “Golden 10 Mile”, will be the best way to develop a profitable mine?
Will this consolidation allow it to be economically feasible to build a nearby milling facility?
Am I just a rambling old fool with a lot of off-the-wall questions?