St James Gold Corp V.LORD

Alternate Symbol(s): LRDJF

Metals & Mining Industrial Metals & Minerals

St. James Gold Corp. is a Canada-based gold exploration and mining company. The Company is on focused the discovery and development of economic mineral deposits by acquiring prospective exploration projects. The Company holds 29 claims, covering 1,791 acres, in the Gander gold district in north-central Newfoundland located adjacent to New Found Gold Corp.’s Queensway North project, and nine claims, covering a total of 1,730 acres, in central Newfoundland located adjacent to Marathon Gold's Valentine Lake property. The Grub Line property is located approximately 3.5 kilometers (km) west of the town of Gander, NL. The Quinn Lake Property comprises two contiguous mineral licenses totaling 700 hectares (ha).

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St James Gold Corp

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Comment by curt2goon Jan 02, 2013 5:55pm

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Post# 20790486

RE: RE: RE: Plan for funds....

If it was raised at 0.10 then we would need to make 10mil shares for that. After the 10/1 we would only have something like 12mil to start. That would almost put us at 100% dilution right out of the gate. But do we have a choice. If they can use that money to prove up the silver and more moly and update the 43-101 will we have what we need? Any thoughts?

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