I think lachmap nailed, if it smells and looks, then it is.
I would have thought any junior miner would throw a couple of mil into doing this if it was viable.
These guys skim over the costs and emphasise the returns.
Remember that LionGold are not parting with any cash in this takeover, everyone could be left with a pile of .... (see lachmap description and substitue LionGold shares) if this business model fails.
I would be happy to issue shares in my company if I could pick up a gold mine and a few million dollars to play with.
The shareholders of this company are being taken for a ride and totally sold out by this board who are not far from being crooks themselves.
Sorry for the rant.
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