GREY:BURNF - Post by User
Comment by
nofluffon Jan 27, 2014 6:31pm
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Post# 22139959
RE:Resource
RE:ResourceGood to hear from you cul. We barely did any drilling. But I think we may have a bit of improvement from what we did. I think you will see an updated website soon. There are new mines been started in the U.S. with less drilling than we have on our property. So obviously the government does not require indicated spacing for permitting. We have no committments for drilling. The principles have taken options for pay. Although they need cash to live. So we need 50t to pay loan. 100t to pay principles bills and 200t to hold option and another 150t to pay so called consulting fees. So we need half mill. just to keep afloat for the next year. So at a nickle thats 20% dilution. Who is going to ante up?
Well there`s new rules being drawn up as I speak. I have been screaming for years for them. Hopefully, they will all pass. No longer will wholesale be available to only the rich. Of course this ground is in the U.S. so we don`t get canadian ft credit. There are many U.S. investors that apparently get something similar. So who knows how all this will play. I just know I am making money on HTR and buying Copper mountain. I think they will buy us eventually. So we could be stuck here or some money could bid us up to .20 and still steal us.
Hoping for something
nf