mutiny gold - looking forward, page-12

Hi Lederp,

Your reasoning make sense to me, although Im not sure if your assumptions on the cash cost are correct.

However, I still think this is a good negotiations outcome from the MYG management, taking into account of the following :

1. MYG is a junior explorer , not easy to get debt funding from bankers.
2. Miminial dilutions to SH
3. Only 7.5-15% maximum of MYG gold is at stake, the rest 92.5% to 85% is still MYG's.

This is a win-win position for both sandstorm and MYG. If you want to use Other People's Money , then you must be willing to sacrifice, its called take and give. There is no such thing as free lunch out there in business world.

I am happy with JG's hard work so far, hence Im happy to hold until productions.