"There is no value whatsoever, sinker tunnel, claims, etc "
I don't know wether to laugh or cry in regards to that statement.
First off PQ did no mining at all. What they tried and failed with was to recover gold from tailings that had already been processed. Yes there was still gold in the tailings, but they were challenged with a poorly researched mill design. They completely failed in spending the dollars needed to run adequate test sampling, on optimizing recovery.
There is much better technology these days [non cyanide] that optimizes recovery rates, one such being DCRS..Differential Charge Recovery System.
SFMI was also hit with the gold down turn for the last 5 years, but I doubt they would have lasted anyways. The way this family run company compensated themselves and were only interested in lining their own pockets and the cat....nuf said there!
IF BRVO is successful in their attempt to collect funds owed, then they could perhaps barter for SFMI'S properties instead of payment. IF they work out a deal,it's highly likely they won't even consider processing ore. The big dollars in juniors over the next few years will be in those that develop a resource thru drilling [especially high grade like War Eagle mtn]
With the producers drastically cutting back on expenses to survive this last 5 years, replenishing resources is a priority.
With gold going center stage again, big dollars are headed into this sector as evidenced already by many bought out financing deals.
cheers
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