Originally posted by tomato69
The TO agreement is not a big deal IMO, simply a formality in the journey to get a ML. You won't see many other companies making a big deal of the TO agreements.
I will keep an eye on income after mining starts (that's if it ever starts), my concern is the full cost of the exercise is a lot more than we know, they have been to tight lipped over community consultation along the road to processing plant, we don't know what the LH agreement is and we also know George Town processing fell short with a better deal that has reached with this new processor.
After seeing envestments in RSN and LNY being significantly eroded in the past it's now appropriate IMO to look at this company with a logical point of view rather than a wishful hope point of view.
Tomato69. The TO agreement IS a big deal. It has SO FAR already taken 12 full months and it still hasn't been formalized. The signing of the TO agreement is definitely "material".
As I posted, sharehgolders still have to absorb several other issues before they can even start thinking about income and costs. I;m sure that most shareholders who have held for so long have long lost their "wishful hope point of view" and now just want to survive the whole waiting process and be there to see the first clod lifted. I have no doubt that they all have a "logical view" after some having waited over 10 years.
My point still stands, this is the closest we have been to seeing that long awaited day, BUT, we still have no idea when that will occur and knowing management, we will be last to know.
The results of those 51 holes is, frankly, of more interest to me to see what they add to the resource, especially, being very shallow and hopefully as rich as the others. The economics and investment value will come later as I don't think after all of this time that they will be selling around .004!!!
