I'm more inclined at this point that they do a JV. It would make sense since Mgt. is keeping the 12 month restriction on. They will either go it alone on the second phase drilling and then do a JV or if the gold per gram is high enough have the JV partner eat most of the next drill and feasibility cost. Either that or we drill again and further prove it out and sell in 12 months. To sell or not to sell I guess will depend on how high the price goes up on news and what the future price could be for waiting.
Newbie question: What are the advantages for us and management of #1 and/or #2 scenario, should the results be amazing? (which of course, most sense.) TIA.
1. We get the shares in concert with a buyout announcement of Handcamp. We get shares of the company who bought it or cash in exchange.
2. They announce a JV and/or great results before/when we get our shares. Some will sell for the quick buck, but more will buy.
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