Re: Peter Schiff
in response to
by
posted on
Oct 21, 2010 10:01AM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Our gold is in the ground, but i think the thing to look at with us is this. If we have as much as we think and at high grades, this alone would justify it being mined in any economic environment. At present, the majors are cashed up and making more daily, so i see more M&A activity in the short term at least. I agree with the statement that the Tesoro should be sold as quickly as it can within reason. If it isnt sold at the most opportune time, the potential buyers may go elsewhere and use up their cash. That would leave us with an excellent property but no buyers, we wouldnt be able to bring it to a mine ourselves because of the start up and overhead you mention. IMO, this has to be proven up and sold as quickly as we can to give the shareholders the fairest value.