Towards Development, page-2

The more I read it the more I like it.
Oly will be frothin on the Skaergard bit.
Wanted on multiple fronts. Would be good to hear the mans opinions. They said offers. With an s. Fahhrk yes.

Means we can shape our destiny. I wonder what Oly- well he has jumped off the Wi, but really do wonder what he makes of all this. There will be trepidation from that front I suspect.

What are other peoples thoughts?? This has been a long old road for us and many of us have waited pretty patiently. There is a sense of emotion in the hold for me anyway, probably because while the value has always shone through, no one has dared to dream like the Mad Spartan crew we are. We have had the will and endurance to be the greatest we can b! And I believe our moment is coming!

But we Spartans have been whipped and beaten to a bloody pulp at times. Core holdings lost in noments of option buying madness, along with core strength from the resulting woebegone drinking sessions. To go and repark cash here has taken for some of us a lot of committment committment born out of blood, compulsion and salt water injestion!

So dear to dream now Olympians!! The tsunamis of self loathing are past! We shouldnt settle for a pisspot arrangement here. First we take Manhattan, then we take Berlin!!

So do just relax the oars for a second and consider what we want here.

Do we want just to flog the ice queen in her prepubescent entirety? It would want it to be a good offer. Whats a good offer as Greenland begins to open up to mining (this is not to be understated, nor is the size). Is a good offer enough to fund capex and get the scandium happening? Is 100 million a good offer Spartans? I mean we would five bag pretty much overnight. I would cry and probably wet myself.

But, and you will think Im nuts, but is it worth selling at this price? Probably yes, but a part of me says no... Its like throwing the precious into mount doom, Im a bit like the spartan version of golum, Ill dive in after it, just like so many options on other dreams Ive had..

These giants dont exist much in the mkt now though. The Gruyee deposit of Goldroad in Western Aus got taken over 50% stake for 350mill in 2013 by Goldfields. Not going to get that deal, probably Cardinals Namdini is more comparable (roughly- probably quite roughly and Ill get in trouble over there for making the comparriosn) but anyway to see where the mkt is at.. ( the 6 million ounces there - and a load of differences i.e its open pitable, capex certainly lower, jurisdiction known- though I actually think once Greenland embraces the changes it will be a better long term jurisdiction).
But Im guessing right now that deposit could find a buyer for 350mill for the whole shebang. 6mill ounces of gold and possibly some marginal credits) We still have all those palladium ounces. Did someone say 6 mill of those also?? And yes the margins there at CDV are great, and Skargaard is going to be a high cost operation. And yes much more work to be done at Skaergaard- why I say rough comparisons) (The actual current mkt value of that CDV deposit is 200mill full dillution opts in- so perhaps I am being generous with the upside-but probably not definately not when you look at the definition of that resource and ev per ounce of just about any category- and its dirty cheap on mkt. (Im actually advocating a tie up with a major because that project has debt now and im not a fan) And CDV holders are not interested in a friendly takeover. Or a 50-50 j.v by the sounds). Goldfields have loaded up on the options on that duck, so they dont have to show their prescence. Keep the heads held to under 5%.

It just feels like deals are about to get done on big deposits. with this little dance Trump is trying to gig us all along to he is shaking things down before midterms... and then he is going to bring it all back up, you know he is.

I dont think Id be interested in selling the Queen off for 20 million say for example. If someone wants in cheap and management consider getting some cash now a good option then keep some of her for sure.

I mean 20 mill and we bag. But the dream is dead on that front and we are all on scandium. But we will need more the 20 mill. I think its 45 mill maybe? But I want a hundred or a J.V. But Id settle for 45 mill perhaps.. real rough calcs- be sure to shoot me down in flames or hold me up as a hero in Olys absence.... best I could do mate.