hi Mutty Dogacquiring projects does not require much cash...

hi Mutty Dog

acquiring projects does not require much cash because shares can be issued

examples:

VOR Copper Project - acquisition cost to date is zero cash & 40m shares - acquisition moved market cap from $42m to $130m (at 13 cents). If exploration target is met, market cap will be $800m

ELM Potash Project - paid $US180,000 and issued 3 million shares and 3 million options - acquisition moved market cap from $40m to $400m today, fully diluted

WGO 1 to 2 billion tonne target hematite iron project. Paid $1.5m plus shares. Moved market cap from $7m to $61m today. The next SDL

AKM -
An Initial Payment of USD $500,000 upon Settlement;
A Further Payment of USD $3,000,000 on or before 12 months from Settlement;
150,000,000 Ordinary Shares;
30,000,000 Options

AKM Market cap moved from $4m to $650m fully diluted today