speccy I must disagree with your point that there is likely to be a takeover after the BFS.
IMO we wont get to see a bankable feasibility study because any major mining organization with the funds required for a takeover will have their own in house technicians more than capable of analyzing the “Raw Data” without the requirement of a BFS. After all AML management are mainly bankers not miners which I think is a good thing.
I have also noticed that despite the fact that we already have an economically viable resource that there has been very little news/information regarding the design of the mine and infrastructure apart from it being modular, and the cobalt roasting plant. This suggests to me that management have little appetite to develop the mine, and instead would prefer to leave it to others.
Also the 30.000M drilling campaign will only have one function which is to fully value the resource ? (not necessary at this stage) in my opinion. In other words if you wanted to sell something would you not maximize its value first?
In my opinion we could have a corporate action before the end of the drilling campaign in October. Maybe September/October.
I do have more questions than answers. If the resource is valued at 50 Billion dollars for example how would a potential mining company value that ? It sounds like a vast amount of money beyond the ability of all companies to raise.
As a suggestion maybe a 50/50 split between the share holders and the mining company where the mining company would pay the share holders through dividends ? If anybody has any ideas how these things work ?
(The above is pure speculation and should not be taken seriously)
GLTA
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