Re: New Article from proactiveinvestor.co... about St. Elias Mines
posted on
Mar 29, 2011 12:18PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
I think Barrick will be a big player in what happens with us down the road.
1)Because of when they let their concession go that butted up against the south border of Chance 1, the original Tesoro property. We have since claimed the new block/s to the south and Barrick seems to have disappeared from there. I beleive there may have been some negotiating with us by Barrick, to leave that property go, and give it to us to explore. It would seem strange for Barrick to release their foothold in a very prolific gold region unless they knew a deal could be done in the future to retain that foothold.
2) Barrick did have an interest in Quantec, and they still use them and beleive the geophysical results that it supplies. I cant see Barrick stepping back after the first Titan results suggested that the Tesoro may be an important gold deposit. Unless they knew they could do a deal in the future. All the math we have done here, without much speculation at all, would suggest a worthy gold deposit. Barrick and their team are much smarter than us, and if we are seeing it, they are also seeing it.
3) There are confidentiality agreements done a lot in the mining industry. A lot of times there are silent partners that the public knows nothing of. Sometimes these silent partners are forced to surface, if one of their prospects gets moved on by a competitor. Barrick, being a formidable entity, could dissuade a lesser entity if a behind the scenes offer did surface. Now a comparable entity to Barrick, could prompt a biddig war, but as posted here over the past, there are few of those. Nevertheless, I beleive Barrick is just behind the curtain.
IMO.