so had a quick look over. while the SOI dont scare me so much, as getting to production is often fraught with dilution most folks forget, that over hang from the con note should be considered as a sizeable future problem. con notes, i have learnt recently, can kill a stock dead for months as once converted the just get dumped into momentum. which brings us to the project. 1000 per ounce is good, but 55% ownership isnt brilliant when only talking 18 months of life. the boost to 70% on further drills is good but, considering the con note over hang, the SP will live or die on the upcoming results as thats where the money will be....and theyll need to be very indicative of a solid future.
so ill wait out for the results of the resource extension before putting too much time into this one.
all imo and im not a huge gold bug so happy to sit on the side lines.
so had a quick look over. while the SOI dont scare me so much,...
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