Grub, How do we get to 20c - that's 25 bags from here?
That's a $mill if you hold 5 mil (heads + oppies) - that's about $6 mill each for Byron, Terry and Ross - just from memory of posts and Top 20 lists.
1. Lets tell S32 to nick off -
by far our best asset is the Geoteck Research and the Independent Report over the Greater Riqueza area.So instead of doing MinyMax [ a phylosiphy in Game Theory which says "minimise your maximum loss and maximise your minimum gain"] - lets maximise our best asset and drill the P1 targets ourselves - the SH group found $500,000 when 2018 was looking very unpleasant and the best thinkers were going into cash! so I think that money is a start for a hole or two, and there could be follow up.
There is precedent - recall when SIR was down to it's last pennies and it threw the dice once more and made the first intercept on Nova Bollinger [now known to be a huge Ni asset]
2. Keep working with S32 to accept terms, and play their game. We have assigned our best asset, for the benefit of "minimising our maximum loss" (derisking) - and now with current cash and raisings we have to replace it.
Seems clear that we fly Cerro - if there are P1 targets there (my guess) then we are in business to develop ours 100%
2a. Cerro duds out, but S32 has done well then things should be smooth. The world economy will be booming (even if OZ is a bit down on housing market and it's huge personal debt) so we go to Timor, or to whatever else Ross has found for us.
Will Plan 1 or Plan 2 or 2a make it? Well that is for holders to decide - lots of alpacas would say yes, - but now is a great time to tear up your ICG assessments and DYOR again from scratch.han Tier1@
J and J
There are number of possibilities to get to 20c+
1.Finding super Tier1 like the one S32 consumed last year with the total value A$2.5m and keeping 30% without further dilution.
2. Raising A$12.6m at the price diluting less than the JV dilution then finding the supet Tier1 or even less super tier1 depending upon the dilution
3. Finding less than Tier1 but still economic resource at @ Greater Riqueza ,and economic resource or Tierr1 at Cerro
4. Various combinations of the above
Sure 20c+ is a stretch target with 10c being more realistic but still making a lot of holders very comfortable
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