RE:RE:really only .12 centsI heard something similar......
"With Kirkland Lake Gold committing $3 million with the potential of $110 million in work commitments over the next five to ten years to attain a 75% interest in the Carscallen Project, our shareholders now have the upside of discovery with limited further share dilution to advance the project."
- Jonathon Deluce, CEO, Melkior Resources
VENMan wrote: Just thinking; if MKR had to spend $100 plus million in exploration at 80 cents per share would mean 125 million more shares in dilution if they proved up say 5 million ounces of gold at $50 per ounce in the ground would be a market cap of $250 miliion with 150 million shares outstanding would be $1.67 per share. With KL spending the money the 25% ownership of 5 million ounces at $50 per ounces would be a market cap of $62.5 million divided by 21 million shares would be near $3 bucks per share. So no matter what numbers you want to use assuming gold is found the market cap for MKR would be much higher with KL spending the money. All IMO! GLTA!