Ann: DRE: Subscription Agreement for $1M with Black Cat Syndicate, page-18

DRE will raise the money and get drilling. BC8 can ride their re-rate into 2025-2026 and sell the stock out one day. This will end dilution for DRE.
Consider that BC8 will target 100k ounces in 2025. They can get $2500 margins on anything Paulsen producers at these gold prices. NO DEBT.
Consider the costs and do the numbers. The $1m is coming back within no time and its likely to grow this year. This sort of placement is common practice. Companies do deals and do part of a placement all the time. BC8 wants some of the DRE upside moving forward. Part of the $80m placement incorporated some money for business opportunities. I guess this is one of those opportunities. This deal will make BC8 real easy money for some time to come. Nothing bad about that. The news came on a really bad day.
These guys dont give money away to anyone. I remember when management bought these assets and ppl spat the dummy. Looks like a great move several years later with two assets in production and the gold price at $4500. The moment the stock drops, people start demanding the company magically produce a result. The result is happening. BC8 was 20c a year ago. Its a completely different company now. They have built the cash flow foundation.
Rick Rule (Co founder of Sprott gold) reckons its takes an average of 6 years to get a mine up. A lot of people get involved in companies and dont understand the time frames involved. Then they read a headline or see a correction and sell out. Gold hit another record overnight. One thing we can be sure about, its going to be volatile with the Donald in the house. Good luck