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Use Common SenseKen has told us this is the best deal they had. He also told us that we should be happy and very excited for this deal. Well I am actually happy I just wish the market liked it more. This is what we know: 1) we got Dr Peter Ravenscroft to join our BOD. If he didn't believe we had the goods why would he waste his time. He knows we have 66 other kimbies and we could mine this for 100's of years. Why would Ewan join us? This guy is a very big wheel as well. Why is Mennel still around? Mennel does not need his $60,000 a year he makes at shore hell he sold a diamond mine for billlions. Neil McMillan is chair of cameco!! Why would he waste his time with shore? How about Bay and Hillier who almost got booted out in 2016, why would they stay around? They stayed because they believe in this massive project. Yes I wish these guys put more earned money into shore but maybe they are not allowed at the moment because they know things we don't know. Don't you find it weird that none of them sold a share on the run to .44 and weird they haven't bought at the yearly low of .165?? We are in good hands. 2) Rio must drill to get their % of the project. Albeit they can take 6 years to complete 30 holes, I think when they bring the drill over ($11 million and $10 million to take back), I think they drill all 30 holes or whatever they feel they need to in one sitting. Also if they drill hole 11 then take off 3 years from time line, drill 21 holes take off 1.5 years from timeline, drill 30 holes and take off 6 years from timeline. If they drill this winter the 30 holes from December to April then Rio could own 55% by spring. Finish a FS in 6 months as they already have their own FS on our project anyway. Rio could own 60% by end of 2018 and we will have a FS with a NPV that a major has confirmed to the frickin world. I think this is huge and in doing so our project will go up huge when more in known. 3) I talked to Ann Reimer this week and she is very very excited. Usually she is no comment, can't say, no comment, etc. She was very informative this week and excited. "Duty to consult ends at end of September and things are progressing very nicely". She also stated that she has done nothing but shore gold for over 2 years and this is the first of its kind for this big a project. This was a huge learning curve for them. They also plan to keep us informed moving forward and for future mining projects as to not get as many calls. They are very happy with how it is going. Duty to consult ends at end of September and didn't start the 6 month until April 1. The company got a little too excited in January releasing the 6 month time frame. Also brad wall stepping down and getting a new environmental minister has slowed the process. I talked to Scott Moe as well this week and he informed me that WHEN they approve this it will have conditions attached. Not IF, but WHEN. I truly believe we see approval by the end of year. 4) Washington CO wants generational projects. Well the 2 mines they got are not generational. They have about 10 years each. To get into diamonds 💎 for a 10 he plan makes no sense for this team. If they want generations they need a mine like shore gold that can mine for 30-100 years. I think sometime in 2018 Washington comes a sniffing if they haven't already. Keep a close eye on when they take over dominion by the end of November. Maybe just maybe they will want another generational business and if so Shore Gold might be their only option. 5) do simple grade one math. We had a NPV of $2.0 billion in 2011. We doubled the diamonds $4.0 NPV we cut $800 million off the Capitial we have $4.8 NPV. Find another mining project that has this? That's cuz you won't, especially a diamond project and we all know Rio CEO says they want diamonds. Cheers and all in my opinion. Come on Ken let's get the promtioknon this massive project going once we see a positive EIS and let's get the new name going as well. Good luck 😉 |
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Msg # | Subject | Author | Recs | Date Posted |
40204 | Re: Use Common Sense | DiamondsRUs | 0 | 9/23/2017 1:14:37 PM |