Mike, you're putting the odds at 100% that it will be economic?
That's pretty darn good, especially when you consider how little work has been done on the property. I have some companies with properties that I "think" are pretty close to 100%, but even with those I always have a little trepidation.
I had a company about 10-12 years ago and they optioned a property for $25 million which was extraordinary then and would still be today. The property had had extensive trenching done and every trench came back with at least 2 g/t gold over every meter. Claude Cormier was pretty hot on the property and Claude is usually pretty conservative.
When they drilled it they discovered that ALL the mineralization disappeared at about 50 meters depth. They dropped the option and the property and the value of my stock. That kinda ended my illusions about "sure things" in Jr. Mining.
When you say that the "top expert geologists in the world" have been ON Lipangue....that don't really tell me or anybody else "much". You can't just look at the surface of a property and "extrapolate" huge mineralization "underground". It just don't work. If it did a lot of drill crews would be out of a job.
And what do you mean about Enami and Codelco being "involved"?
Are you saying that THEY are involved in this supposed deal? If they are then I'd have to wonder why companies like that can't even manage to transfer funds for a JV deal.
"the only opinion that matters is Medinah's new JV partners"
Yes, I guess that would be the case if we KNEW there actually WERE JV partners. On the one hand you're saying that this deal is with some of the most sophisticated companies in the world and on the other hand you're saying that the deal is with such incompetent people that it can't be completed without inordinate delays.
It's difficult to juxtapose those two literally opposite ideas.
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