Has anyone at all considered that the sale is for a minority interest only, for example, a % stake at project level?
MD has never indicated selling 100% of Kestanalik. People need to do their due diligence before jumping the gun.
My thinking is that the company will sell a % at project level to give them the cash required to finish drilling and DFS and have enough for equity portion of debt funding for the development.
No company would sell off 100% of a project projected to produce gold at USD $600 - 700 total cash cost when POG is USD $1300 unless they get mulptiles of current Market Cap.
CHZ Price at posting:
13.0¢ Sentiment: None Disclosure: Held