Hang on...did you read the article I'm referring to about the...

Hang on...did you read the article I'm referring to about the silica deal...?

Highest grade deposit known in the world

3 mines set up with full backing from Samsung and a top 5 Japanese company with memorandum of agreements being prepared after a site visit from said parties.

Forecasted profits in excess of a billion dollars over just 3 years...

...and your question is are they a good proposition as a gold miner....???

The deal they "had" at Lighthouse to which I refer above and my original question makes this gold play look like lunch money for the tuck shop...if you assume they can pull it off.

In the 3rd year of this Silica play they expected profits of over a billion dollars!?!?

Profitable in the first year?!???

My question still stands. How is anyone remotely excited about this potential deal and 8M in funding when they had funding of over 100M from Samsung...

...who also is the end user. So the deals sewn up.


So that we're clear:

* Highest grade known deposit on the planet -

*over 100M tonne -

*Funding secured from 2 of the largest companies in the world (both end users)

*profitable in first year, by third year forecasted profits of more than 1 billion dollars

*off-take agreement obviously secured/imminent (those companies wouldn't provide funding unless they wanted the product)


????


From that (2013) to buying a bunky second hand gold mine with an undefined resource (wouldn't be large), needing 18M plus, plus, requiring a lot more time, effort AND a lot more money needing to be found as it progresses...


...and they get together 8 million dollars.


This is a better deal than the one they had 24 months ago..???


Anyone else see what's wrong with this picture...???



I'm certainly no genius so I HAVE to have missed something here!?!?


Please, can someone help me out...???