Post by
Hiddensecrets on Aug 15, 2020 1:49am
14,000,000 in the money warrnats to finance 2nd Drilling
We carry a valuation of $ 5 million which is incrediblity cheap.
First drill program is 12 holes, approximately 200 meters each, so 2,400 meters or, 7,200 feet.
At Hamburg, historical data was 49 meters of 2.89 grams per ton gold. Three holes were drilled there.
9 holes pending elsewhere.
Second drilling of another 12 to 15 holes of 200 meters each, will be financed with the 14 million warrants that are in the money at 15 cents and come to expire by October 2020.
We will have 27 million shares outstanding, and have 24 holes drilled, which should show some good gold results.
I do expect that our value will be north of $ 1 per share, maybe $ 2 per share, as we move through these 2 drills.
MPO