Hi all,
Good reference regarding mgv @wolfofbridgest
Im very happy with the situation. In fact, i couldnt be happier.
Also worth noting that the mgv raising that WOB refers to was done at 10.5 c, ( when there mkt cap was $45 m ) ,,,,and ,,,the funds were used to drill their key target in Cue.
Now if my grapevine, is on the money, that is exactly what we will be doing, immediately, with the incoming funds from this raise. Really, i see this as just bridging money, that expedites our game, as we wait for the rest of the millions coming in from the sale of the tailings which will probably land over the next 3 to 4 months. But also, and obviously, the $15 to $20 m we will generate by, toll treating or selling, the Tick Hill open pit due to start in q4. This cap raise just gets things happening NOW.
So, getting back to the comparison of the mgv raise, dated april 27, that they used to fund drilling........
Can anyone see the similarities ?
They had a mkt cap of $45 mill at the time of the raise
19 weeks later, they have a mkt cap of $270 mill
So, yes, i acknowledge , that we still have to find the good oil on the drill bit, but, there is a very clear example of the upside that this raising might lead us toward..... and QUICKLY.
Also noting, we have 2 significant targets that we are about to hit, not 1, like mgv did.
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