What ever it is, it has been approved by IMC. The possibilities are numerous but most likely it an increase in funding provided by IMC with certain production goals that must be met. I can't see IMC letting another investor come in unless the investor takes second position on the assets and that second investor would have to be crazy to do that. It could be some kind of financing provided by Novo/Sumitomo to build a separate line for the Beaton's Creek gold with a NSR for MOY. Novo was up over 13% today on no news. Makes me wonder if some kind of deal has been worked out between IMC and Novo.
MOY Price at posting:
8.2¢ Sentiment: Hold Disclosure: Not Held
