I calculated the math on Barrett Cupp's geology report of 19million tons of unprocessed ore in War Eagle.
At the current rate with no downtimes of processing 400tpd, it would take 182yrs to process the ore. Lease is good for 20yrs. How long would it take to build a plant that can process 168,000 tons per month..I have no idea.
PQ & Sons aren't miners and I truly think their main intent from the get go was to get the foundation set and then sell SFMI to the highest offer. IMO
Personally, I like to see SFMI be bought out and get out. Especially with GOLD being unpredictable and being junior producer.
As far as GHDC is concerned ..what happens to them if there is a buyout?