it must be my age.............am i the only one who gets annoyed.....takeover?......who in their right mind would spend 93 mil (@0.25/share) assume a 50 mil debenture and look forward to injecting another 50 mil for required development......for 80 to 100000 ounces.....that at todays price of gold does not produce positive cashflow........i would only hope that they have deep pockets
not to say that it may not happen.....but i would prefer someone with deep pockets who would give me a piece of them......in exchange for the exploration play that is ricelake......for example argonauts takeover of kodiak/prodigy...
2500 tons/day.....thank god that they are not....as they do not have the feed....that grades high enough to give revenue that exceeds costs of milling
on a positive note excluding hoping for a price of gold that will cover costs and produce positive cashflow..... our dollar going to 0.90 may be a blessing in disquise....gold at 1250 u ass......is really 1375 canehjun.....
i know i know who gives a rats behind it must be my age