Ann: STRATEGIC INVESTMENT IN RED FOX RESOURCES, page-21

And a lot of cash it was, the only reason this company is still around,

And the cash was for about half of the tenements, because they did in fact have significant discoveries.

But here is the distinction about negotiating skills. AB negotiated the sale of half the tenements for 3 times the MC, and on top of that kept the mining rights to all the other minerals other than phosphate. So he sold them and kept them.

And just wishing there were no rare earths and no rare earth processing technology (because it is inconvenoent) does not make your wish a reality,

And more on negotiating skills, AB did all of that, and only moved the issued shares from 60m to 80m, unlike the 3 fold dilution since then, for, so far, nothing.