Re: Give it 3 months
in response to
by
posted on
May 25, 2016 04:26PM
Yes, well....we can e-mail and then talk in person. The Ross property was in Dave's eye before Borden!!
Their will be pending drilling results....from Detour ( AGE ). THese could be great ??
So me-thinks...the first round of financing will take place after a few drills ( like 2 drills 6 holes each ) spin on Ross.
If anything good pops up on Detour's proximity play....then we could easily see a market cap of 150-200 million.
Drilling is still quite inexpensive...did speak with Dave P about 2 months ago....and there is far more potential...now than when borden financed at 1.75 !!!!
I think Gold will drive it a little bit....
I dont think they will want to dilute ....yet.....we will see ...if he can achieve 2.00 then do a finance and 2.50 and a 1/2 warrant at 3 bucks or something like that. Issue 20 million shares ( + 10 to follow ) would give him around 80 million...to run 4 drill programs
Val Dor
Ross/west porcupine
Ivanhoe
Detour Gold Proximity
It could roll back into the 0.50's but it is tightly held. So we will see...i know I won't sell till I see a few holes....from each of those 4 as produced by Dave P.
When you look at the merger AGE and PRB seem to have the same thought process.
I just thinks its time
Time and money well spent
Good luck