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Re: eik post# 9029

Thursday, 07/11/2019 6:22:20 AM

Thursday, July 11, 2019 6:22:20 AM

Post# of 19307
Eik, I think the real wild card in them doing a partnership or JV deal is dependent on how it goes with the permitting. The last time I spoke with Mal I asked her where we stood with the Springpole permitting. She told me the next segment of the permitting they were expecting to be approved by the first of next year (2020) and if everything goes to plan the permitting should be completed for Springpole by early 2022. I believe she said there would be another hurdle to jump with the permitting in between 2020 and when it's finalized in 2022.

It's my guess any potential JV partner or buyer won't commit before they're pretty sure the permitting is in the bag. That could possibly still be a year or more down the road, as no one knows at what point the permitting process would need to be before a commitment would be made to buy.

Where the gold price continues to go might have something to do with a buyer deciding to deal sooner than later because as the price rises our assets rise in value and become move expensive to obtain.

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