Whether there is a short squeeze or not is immaterial. The value of the mountain will stand on its own and investors will start seeing that value being monetized beginning with the JVA announcement and then more directly when drill results start coming in.
From what I understand of JJ's terms, one of the requirements was that drilling must commence immediately upon execution of the joint venture. I don't know if that means specifically 30 days or 60 days, but based on the latest update which confirms many of the rumors being bandied about, a drill program will be commencing in short order. The other requirement of the drill program was that results would be provided on a regular basis.
The beauty of this provision is that it ironically puts the JV partner(s) in a bit of a financial decision-making dilemma not unlike a short position. The more regular the drilling, the better they are able to place a value on the property. With the drill program continuing to validate or improve upon what has already been reported, then the value of the property obviously goes up...so does our share price and the price tag of Alto de Lipangue. At some point the drill program results will hit a critical mass where the JV partner(s) will have to just buy the whole mountain at a premium rather than continuing to expose its increasing value through drilling. This ironically is like a short covering. At what point do you they say "enough is enough?" I anxiously await that day.
These companies, or at least their ownership on Alto de Lipangue, are being set up to be taken out at quite a premium as long as drill results confirm what most people seem to know already.
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