TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

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Message: M& A..

Re: M& A..

in response to by
posted on Apr 12, 2010 08:46AM

"Lots of money looking for Ounces in the ground..The 43-101 should wake up some interest from the big guys.."

Not likely. Not at this stage, anyway. The 'big guys' are looking for projects that have already shown several millions of ounces in the ground. In most cases, they are looking at a greenfield cut off resource in the range of 5 million +++ ounces. Unless the 43-101 absolutely blows everyone's socks off, it will be a yawn event to the majors.

That is not a bad thing. Based on our current value, we can reasonably expect to be purchased at something in the neighbourhood of .50/share. I, for one, am not interested in selling at that price (not that anyone in charge would ask me).

We are far better off slowly building a resource base over several years which, eventually, would attract the interest of a major. At that point, our share price will already have moved upwards so that any buy out bid would leave smiles on most of our faces.

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