I think it's safe to say the whole complexion of the situation here can change with a rising gold price. Many pundits I've read are calling for $3K gold in the next year or so, as the Fed has to begin reducing interest rates, coupled with a deflating stock market bubble.
Keith doesn't have a history of partnering or JVing with other people, so that's why I keep thinking he may want to try and hold onto Duparquet and Springpole. Is that a realistic assumption? Maybe not. I think its naive to think our assets aren't actively being looked at by bigger Players to buy and as cheap as our shares are currently they could offer a bid at much lower values than we're actually worth. Having said that IMO I don't see our shareholder base selling out on the cheap. Most of the folks in this Company are like us and have been holding for a long time. We've been holding for a home run here, not a single.
That's why I've said here for a long time now our ace-in-the-hole is probably First Majestic. Dan told me years ago when I spoke to him about our being taken out on the cheap that Keith would intervene and a bidding war for the Company could ensue. With our share price where it is now, that plan should still be very much in play and as the gold price continues to march higher the probability of a hostile takeover should be increasing.
Would the ever-increasing chances of a hostile takeover push Keith to partner or JV with someone? I guess it could if that meant holding onto these great assets for the long haul in much the way you described.
There's a few ways this could all work out, but my hope is that we are still involved and can participate in the coming gold stock mania I feel is coming in the next few years. Valuations for crappy mining companies can go crazy higher and a company with the potential this company has should go parabolic when the mania hits. The wait has been long, I'm looking for a big pay-off for my time spent, even if that means holding a while longer.
P.S. Yes, we have the stake still in Pickel Crow, but don't forget about our Cameron asset. That could be at least a 4-5 million ounce asset itself.
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