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Implanting

01/21/21 1:53 PM

#14683 RE: SeaBlue #14682

In essence the SA Guy was giving credit for a lot of improvement with the Springpole PFS, but he said that even with the reduction in capex from the PEA he thought in the current financing environment we would have problems financing Springpole, ourselves, emphasis on ourselves.

First of all, who said we wanted to finance it ourselves anyway? We can do a JV, or even sell it outright for the right price. I'm sure our Management has a best-case scenario they would like to carry out, but financing the total mine cost isn't part of it, but even if that were the case I can't think of anyone better to have in my corner than Keith Neumeyer.

The article seemed well written and thought out, but as I said the last portion of the article just talked about alternative, smaller mining operations he thought were better deals than what Springpole was.

Most of his ideas were mines doing max 150K oz. yearly, so he was speaking to much smaller operations than Springpole. If we can locate more reserves in and around Springpole IMO that operation will be a no brainer buy-out.
We could name our price and make someone pay it.