This announcement is very Bullish for the stock, Reasons
1. In the wording, seems the company is very confident of getting into production.
I think the back checks on previous mining, and ore types, have enabled them to write this so freely, iam sure a lot has been going on behind closed doors, and telephone calls.
I also believe there is more than enough previous drilling for them to CAL. a good estimate.
2. The ability to be able to state that stock will be issued at a higher price, at a not to distant future (and appears open ended), to me speaks of talks with investors about the known, and future developments.
Iam expecting a news flow !! OIMO.
Update on the gold , with some exciting results would be welcomed.
Exciting days ahead, me thinks.
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