Agree 1000% BJ and FancyP ….. Reading the announcement seems amazing that ARC are buying GNR, when GNR have 'no' mineral resource on this "previously explored" [probably sine the 1800's like the rest of Canada], large project area.
… but ARC will use 'modern methods' [to they mean drilling their pretty models ?, because sooner or later you have to actually DRILL and drilling is not exactly a new idea !!! ?] and drilling with two GNR directors who may have never found ANY gold before anywhere !!! or have they !
… does this past the smell test ….. ?
… the only people who may benefit out of this are a bunch of consulting Canadian Geo's, who may be rubbing their hands together at the years of work they may get out of working on this project, probably charging ARC a fortune in day rates along the way $$$$$ ….
… maybe wrong but, ARC alone have not drilled '1' hole since around 2012/13 and in that time had 3 projects collapse, not including Bima as that was out of ARC's control …. and this Canadian play maybe another money endless money pit.
How long till ARC may have 1 billion+ on issue again and still no gold …………… perhaps 1-2 years.
… am hoping ARC will release some updated information on GNR that may give reasons why GNR is attractive to ARC.
