RE:Talga Talga Gold From the financials:
On September 16, 2016, the Company issued 765 ,115 common shares of the Company at a deemed value of $0.9673 (AUD $0.9802) per share for total consideration of AUD $750 ($740) in order to exercise its option and purchase the Talga Talga, Warrawoona, and Mosquito Creek Projects (collectively, the “ Talga Projects ”) . The fair value of the common shares issued was $ 1, 370 based on the closing price of the Company’s common sha res on the TSX - V on September 16, 2016 of $1. 79 .
A 1.5% net smelter returns royalty is payable on any minerals extracted from the Talga Projects in a commercial mining operation. A 2.5% royalty is also payable to the State of Western Australia on any gold produced by the Company on the Talga Projects.
... and not a peep in the MD&A.
I see RedCloud
spouting that there will be sampling & drilling in 2019.
Bulk Samples Coming to Town it's a case of 'an 'embarrassment of riches'.