See the terms? $5mill US payment, $5millUS in shares at .5c per share and a commitment to spend $5mill on exploration within 12 months. Massivley dilutionary and where is the company going to get $5mill from?
And they're buying into a single drill hole from 1988?
Not denigrating the potential of the drill but the share price doubling doesn't seem to have taken into account the dilutionary effect of this.
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- excellent prospect.... ;)
excellent prospect.... ;), page-2
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