InvestorsHub Logo

SeaBlue

10/18/19 9:47 AM

#9975 RE: ValueInvestor001 #9974

Where would Treasury Metals get the money? They have 3 million CAD according to the doc you linked to. The doc you linked to, plus a review of their SEDAR filings, shows they are not in production/making money yet.

Implanting

10/20/19 8:29 AM

#9995 RE: ValueInvestor001 #9974

There's certainly the possibility of something happening between the two Companies in the future. I don't know if at this point in time FMG wants to sell Goldlund outright. They're finding more gold there and making it into another Springpole-type asset. Keith may want to just hold onto Goldlund.

It could be more likely we see some sort of future JV or partnership with them if it would be feasible for us to use their mill facility when mining can commence. Anything is possible, but it certainly appears Treasury has their eyes set on expansion at some point. Selling Goldlund at the right price would most certainly help FMG to attain some of their goals moving forward.