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TomaGold Corp V.LOT

Alternate Symbol(s):  TOGOF

TomaGold Corporation is a Canadian mineral exploration company. The Company is engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. Its projects include Obalski, Star Lake, Brisk Extension, Monster Lake East, Monster Lake West, Hazeur, Lac Doda and Baird. The Obalski property consists of 74 claims covering an area of 2,740 hectares (ha) or 27 square kilometers (km2), located approximately two kilometers (km) south of Chibougamau, Quebec, in the heart of the Chibougamau mining camp. It holds a 100% interest in 214 claims (Star Lake property) over an area of 10,906 ha, the land position in the sector. It holds a 100% interest in 107 claims (Brisk Extension) covering a total area of 5,487 hectares (or 55 km2). The Monster Lake East property consists of 105 mineral claims covering an area of 5,867 hectares and located directly to the east of the Monster Lake property.


TSXV:LOT - Post by User

Bullboard Posts
Comment by garmin1on Nov 10, 2015 8:06pm
74 Views
Post# 24279253

RE:RE:Question

RE:RE:QuestionI'm pretty sure if there was a very remarkable resource discovery made  early into the $10 million dollar exploration option , the 50 percent partnership would still stand, but the additional 25 percent would be questionable going forward due to the new found assets.

So just for argument sake, lets say present drilling produced a few amazing intercepts that strongly suggest a major ore body has most likely been found, many things could occur. The parties involved could renegotiate. Tomagold shares would surely be bid up due to strong possibility of  takeover offers from the majors.

This is a long shot scenario, but still a possibility. 
 
Bullboard Posts