Resource Capital Gold Corp GDPEF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RCG NPV $95.6M

[LeftBook]

>20 million of credits but need 20 million investment and a massive dilution.

BINGO!

RCG never had the cash.
They didn't raise enough cash before the bulk sampling.
They are trying to raise it after.  They are looking for an investor.
They leveraged the tax credits.

As for dilution.
We need an investor. We need a partner.
Gold does not mine itself.

All these scenarios are the same.
$130,00/175,000 shares = 7.42c/sh
$13M/175M shares = 7.42c/sh
$20M/270M shares = 7.42c/sh

If there are more shares in a given scenario it benefits the partner.
If there are less shares it benefits us.
Otherwise it is neutral.

(13+13)/(175+175) = 7.42

Bringing in partners, dilution, is part of mining.
If you get in early you have gold. You need someone with cash.
You expect dilution. You can't lament about dilution.

Finally, it is true that increasing the shares decreases our portion of the $89.2M NPV.
Again, gold does not mine itself.

All in all there is no fishy stuff.
There never was any cash.