$bigone thanks; ODY deal has paid for Murchison Cost
On the positive side, 20% of the current ODY market cap ....$27 million....plus the cash of $5 million has entirely paid for the cost of Murchison including Turnakura ( $19 million combined ) plus most of the operating expenses since then.
That is something I would never have believed a few months ago.
ODY will go much higher once that assay is released, so it might be that Monuments working interests in the Tuckanara deal will be worth more than our current market cap.
It is not the fundamentals that bothers me. They are fundamentally very good, with 4 more revenue/ cash flow streams than 8 months ago.
It is just that we still have not acquired the services of a professional IR agency to get these excellent developments out into the international mining investment community.
Including the value of the ODY investment, we now have cash and investments of over $85 million cad or about $0,26 per share.
We will invest $38 million cad of that into the Floatation plant and funding an intensive drilling program at Murchison.
That still leaves us with excess cash and investments for other projects.
Certainly, if the Colombian pilot shipment of oxide concentrate meets expectations , we could afford to increase the amount processed.
So, what we lack is exposure.
They say it's coming but when.. by nozzpack (1217) @ stockhouse....May 12, 2021 - 07:21 PM
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