Re: Van. Presentation
in response to
by
posted on
Oct 05, 2009 01:50PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
They are drilling elsewhere because there are option payments due on the other properties. The longer a company keeps a property, the more money that they have to pay out. Often, the payments are back-loaded; meaning that the payments increase every year.
The company had figure out which ones to keep and which ones to dump. As far as a buyout goes, it will probably happen later rather than sooner.