Hi Red,
Thanks for your posts as well. It is a really,really great stew we have here and I appreciate all the information most everyone here is constantly digging up. Information is,imho, the reason one can keep one's eye on the end goal and not get caught up in the day to day price action of the stock. If all looks good one holds the course and if it doesn't well then it can only be BAIL City!!
Regarding TWP. The Bristol is,as you well know, only one porphyry on this property. Regardless,TWP is one property in it's entirety (unless it were to subdivided before any deal and I believe a deal will be done long before enough exploration could be done to ascertain the feasibility of subdivision). We are definitely on the same page as I totally agree with any investor's concern and want for upside protection in the event this develops in a far larger deposit than anyone currently, realistically thinks. I have no experience in a transaction such as this one could be to lean on. I don't doubt there is more that one structure to a deal to enable upside value protection and am certain CD knows all the ins and outs(remember he may be one of the biggest investors here). If this deposit is proven to the point that it can be produced, it will take deeper pockets than ours of course. Picture yourself as the man with the money. You know you are the driver, the payoff guy. What would you think if you were looking to buy an elephant and the owner says OK I'll sell but only one body part at a time?? Needless to say, I think not! However, I have seen properties(even ours) exchange hands with an over riding net smelter royalty and believe this to be the most logical way to go,not having a clue as to the right percentage it should be. No matter what happens, there will probably be plenty of Monday morning quarterbacking. The way I see it is that a many multiple return on investment,whatever it is, will be enough. If,as CD says,everything goes according to Hoyle, then even people in at $1.63 could make many multiples....
That is my rambling opinion until other information makes me change it.
Have a happy and most prosperous New Year Red.
AI
