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Ann: Quinchia Project Gold Resources Grow to 1.3Moz, page-8

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vermkart

354 Posts.

229

04/03/20

14:24

Post #: 43302087
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Originally posted by vermkart: ↑

Here's a very interesting part in this announcement:

So I did some digging into these "additional five diamond drill holes" and found this:

http://www.globenewswire.com/news-release/2012/03/15/1477452/0/en/Seafield-Intersects-121-8-m-of-1-06-g-t-Gold-and-0-11-Copper-Including-42-7-m-of-1-27-g-t-Gold-and-0-14-Copper-at-the-Dosquebradas-Deposit-in-Colombia.html

The SPP has closed as of last Thursday, so hopefully we'll get an announcement by Monday / early this week about the SPP uptake. With the $2.1M placement, $1.3M Mollacas sale and the SPP, the company cash position will probably end up close to $4M (or even more depending on the SPP uptake). An excellent position to start the next drill program! With such a strong cash balance, there's a good chance the share price will be able to run harder than ever before (of course assuming some decent drill results).

Expand

$350K from SPP -- not great, but not too bad either. More importantly, the cash position is now very strong with ~$3.8M.

@Green Bull - are you still "in"?

LCL Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
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Ann: Quinchia Project Gold Resources Grow to 1.3Moz, page-8

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Ann: Quinchia Project Gold Resources Grow to 1.3Moz, page-8

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