GNM 9.09% 1.2¢ great northern minerals limited

Ann: GNM to acquire Lithium Projects in Finland and Capital Raise, page-37

  1. 6,812 Posts.
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    @flyboy77
    Is it really that much of a surprise bearing in mind that an association and/or link (see below spreadsheet) either via company held positions and/or placements and/or corporate advisory services has been previously established. It is also IMO, common for projects/tenements to be passed around?
    I'm surprised McLean never unearthed these Lithium Projects through his Mineral Intelligence business?

    https://hotcopper.com.au/data/attachments/5266/5266969-64ef6963677c1f178dbe7cf9cde76b89.jpg


    The Finland acquisition serves a purpose? Placement of $1.25M with only $135,000 targeted to be spent on the Lithium projects, the next steps (subject to conditions precedent) the company will move into an initial set of work programs on the Projects. This work compromises the purchase, compilation and processing of all the government geophysical and geochemical datasets across the area for a more detailed review, leading into the next decision to acquire additional geophysical, remote sensing and hyperspectral datasets being critical in identifying target areas.
    The Company is planning on conducting "extensive field reconnaissance" programs during the summer field season -- $135,000 seems to be able to go a long way in Finland in regards to exploration activities?

    SURELY, part of the "due diligence" would be to already have the public data sets?

    cheers
 
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