Back from Morocco. Even there, I couldn’t escape thinking about this investment with all the Medina’s that we visited!
Nice to see that Medinah still has some life left in it which is more than this camel can say with it’s freshly hewed head on display at a local market! (Yes-this investment is about as disagreeable as the camel’s head!)
To get above 1 cent, we probably are going to need some nice assays numbers from Auryn that show what the average grade of the ore they are shipping is at. Even better, a revised schedule on how fast they will be ramping up production in 2017. Better still, an announcement that they have inked a deal with gigantic Major to develop the Pegaso porphyry target.
… along with those things an announcement that most or all of the LP shares have been recovered & retired (or whatever they need to do to make them disappear).
I didn’t include the last part with thought that will take year(s). Perhaps they will recover shares from those that bought the illegal shares on a faster time frame. Either way, significant price moving events from Auryn will likely occur a lot sooner than anything on the legal front.
Trade. I agree. The catalyst for movement is getting rid of Les’ shares. Somehow. Along with everything Mike said.
Unfortunately, it all could be years away. I don’t expect Auryn to really start producing until later half of 2017 at the earliest. Sounds like they have a lot of work to get to that stage.
If they originally said test loads sent end of Nov and still cash flow positive by end of 16, that would suggest they didn’t expect production would take but a month following test runs
With those initial shipments taking place end of 16, what makes you think the production time table will take so much longer now?