My guess is that rotation in house will mean... nothing much changes in "the plan"... as it will be the same team addressing the same vision as they've carried into it thus far.
What "the plan" is... has remained somewhat nebulous... and in all probability it is being defined by the nature of the interests of the lead investors, still... And, that "plan"... last I heard... was more of a general statement that they didn't really want to become an operating company... but would expect to do what exploration companies do... and then hand off... probably "parts of it" rather than the whole thing... to operating companies as the resolution in feasibility studies and prep work carries it to and beyond "bankable"...
So, who ends up doing the mining... might depend on "who you know"... and generate additional potentials for "upside" in the inner circle of the big holders...
So, the lack of focus or clarity in "what the plan is"... will be a thing to keep an eye on as its progresses...
Otherwise... also not clear how much time and $ they intend to apply... in polishing it up before selling it... ?
Might find a clue by looking at the history of their (insiders/big owners) prior deals...
The market has a pretty wide range... between the Keats Bros. doing the deal with them... to outliers like Seabridge... who've been polishing their mountain of gold for quite some time, now... still saying they have no intention of ever mining it themselves... while doing everything they can do, short of mining it, to get it ready for someone to decide to pay what its worth to win the right to mine it ?
And, that makes sense, too... that you'd not want to be in a hurry to sell a mountain of gold... at the bottom of the market, to anyone willing to write a check... rather than taking the time required in refining the resolution on its value to a fine point... before selling it at some time during the bull market yet to come... ?
Things like SA... include NG... are proofs that price suppression is suppressing supply.... but, they're also used by the paper pushers to justify hypothecating and re-hypothecating "gold on the hoof"... that exists... even if it doesn't belong to them ?
FWIW... quick chart scan shows major miners all building intraday "cup" patterns...
NFGC continues with a bit more of a thready pulse, still, for now...
But, I'm beginning to see signs of life in a number of the smaller stocks... a few of them even moving on news, these days... which is encouraging...
Maybe "wait for it" doesn't last too much longer in the precious metals... ?
But, wheat has doubled in the last two months... and silver still trades where it did five years ago ?
Yeah... that ain't right...
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