That may be why they are sounding out the market on this idea of having to buy other distressed compamies that are in production. The problem with buying more land, is that there are other costs involved, such as, where do they get the money to make the deal? If they are gong to issue shares only, that would not be a good deal for anyone they are looking to purchase. Hence the 20-1 reverse split. It makes the share price higher, and more attractive for those who are not doing the proper DD.
Sure they would be able to "grow" their production profile, but other costs would have to be accounted for. I don't see many synergies in buying producing assets that are not in your jurisdiction, unless they are looking at Red Lake.
The only saviour for this approach will be a rise in the POG. And it could happen, as I do believe that the POG will be going up again. It depends on how the review on gold price fixing goes, and whether anyone even cares anymore.
