Munni – ARV are cashed up but they also have a 'chocolate box' of other projects on the go that will require a fair amount of funds to develop. IMHO I doubt they would dip into their cash for Munni which I don't think is very high on their project list.
On the other hand they got 70% of MM for peanuts so a few more peanuts would take out the remainder. Can't see PGM getting much for our 30% share.
However if Conglomerate gold is found on the MM tenements – and it is on the same formation as Purdys & Comet Well – ARV may be persuaded to part with a few more $.
I would suggest PGM push ARV for analysis of that conglomerate formation ASAP.
Skaergaard – its worth Billions but are we able to develop it with limited funds & a $16M MC ? Its the logical choice for a part or full sale/spinoff with proceeds used for Owendale & balance returned to shareholders as mentioned numerous times before.
If the big boys find out about Skaergaard PGM is an obvious T/O target but at what price !
PGM has been treading water for too long – management needs to focus on a clear path forward including financing and communicate this to S/H now.
Ark
PGM Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
