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Message: Quiet Observer, time for me to help contribute

First off, welcome toothpaste.

I would like to comment/expand on this paragraph of your post.

"I spend about three months researching the science behind the Quantec survey and I found that its origins can be traced back to the Schlumberger brothers (spelling?). We all know what impact that had on the oil industry. I also found that the theory behind two dimensional measurements was developed in the 1960's, technolgy is finally catching up with the theory (just a note, some the of core theory behind communications was developped in the late 1700's, it just took us a couple of hundred years to catch up with the theory). In my mind the science behind the Quantec survey has a long history and it has been tested in the field. That was good enough for me."

Of course, what I am about to write, is all in my opinion. I will steer off course later in my post with some other thoughts.

The dependability of the Quantec, as with other seismic and geophysics has become to be relied on. As further advances are made in technology , they are tested and proved. I beleive we are at the stage in time with Quantec, that Quantec images are now very well understood and very reasonable assumptions can be made.

Quantec has been tested and proven so many times over the years that early misinterpretations now have been corrected and strongly adds to the accuracy of the readings. These geophysical tools are being used more by the industry and are being recognized as a means to do an early resource estimation.

If we apply what I just said; "recognized as a means to do an early resource estimation", to the Tesoro, I come up with the SPECULATION that a suitor may do the same thing by just looking at the Quantec geophysics. If they do, all their past experience might tell them to use 1 g/t in the anomaly. If they use 1 g/t, like BOW uses, they will come up with 100 million ounces plus.

Here we are, sitting at $2.20 per share with a market cap of $230 million. What a cheap target for an aquisition, a suitor could make an offer of $10 per share, which would be a 400% premium. This would never fly, once some valuations started coming out from the industry analysts, so what can we expect as an initial offer? When can we expect the first offer?

We know our main objective is to prove up and sell properties. Maybe this Quantec will be used the same as drill results are used. If it is, then do we really have to wait for drill results before the first offer comes? If you use .25 g/t in the anomaly, that is probably economical here and still gives you 25 million ounces. So, what are possible suitors waiting for? Our bulk samples from the A-4 have an average grade of approximately 25 g/t, and this is sitting very close to on top of the anomaly.

IMO, the longer we keep proving up mineralization, the less chance for a suitor to try to get a bargain. So, does an interested party let us prove there is good reason to beleive there is 100 million ounces in the anomaly by releasing to the public 1 DRILL HOLE IN THE ANOMALY. I don,t think so, I think they will make their move before that assay comes out.

If that one drill hole in the anomaly comes back with an average grade of 1 g/t, BANG!,we have enough proof. If we come back with 2 g/t, the numbers start to get real exciting and the possible buyers could be counted easily on one hand. So, is that why we are not seeing any premature bids? The companies that are able to bid on a 25 million ounce gold deposit, KNOW that there is much more than that there, and KNOW, they would never have a chance of competing in a bidding war?

If the above is the case, should we expect an initial offer of $50 per share? If this is the biggest gold strike in history, will the norm in Mergers & Aquisitions apply here, or will there be some different/new way to evaluate and bid on a resource? We have recently seen a group of Canadian Banks forming a group to bid on the TSX. Could this happen with the bidding on the Tesoro?

Peruvian Government; would they try to step in and grab a big chunk of this somehow? Would they jeopardize all their foreign investment over one $20-30 billion resource by trying to be unethical? Peru is finally starting to progress civily, do they want to jeopardize this by greed? Would they want to see maybe trillions of prospective investment dollars pull out of Peru? Would they want to play a part in this resource and retain their trillions of prospective investment dollars? What would make the most common sense?

Peru has poverty. The best way to tackle this is to keep the foreign miners in their country and hold the present status-quo of jobs that currently exist. If they chase away foreign miners and investment dollars, it will set them back years in their growth. It has taken years to get their economy to the level it is today, a setback could be devastating and I beleive Humala knows this.

This one mine could employ villages for a 100 km radius putting that circle into economic growth and stability. The dynamics of a big mine in this area is huge in respect to the spinoffs that will also reach as far as Lima. IMO, a huge mine here would be most beneficial to the Peruvian people of this general area.

So, in closing; I beleive when anyone answers all my questions, that they will arrive at these same points.

1) Quantec geophysics are reliable

2) 25 million ounces of gold looks like a given

3) we are most likely an attractive takeover target at present

4) 1 drill hole results coud provoke offers

5) Tesoro will be bought by one or multiple companies

6) I can,t see the Peruvian Government jeopardizing their foreign investment dollars

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