TSXV:NORA.H - Post by User
Post by
utellme101on Mar 31, 2009 5:07pm
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Post# 15885754
SSO, the news?
SSO, the news?Since SSO owned the property, what did Gary have to give in return for 100% ownership?
Today SSO annouced that they have closed financing on about $100,000,000. OK needs about $8,000,000+/- to finish drilling, and to increase the level of our resource from inferred and indicated to measured.
THAT IS WHAT THE BIG BOYS WANT TO BUY!
What if SSO puts up the cash to finish the drilling and in return they receive a right of first refusal in to purchase the claims?
Gary would not have only the 4 drills he had before, but say 8 drills to finish off La Preciosa, to increase the quality of the resource AND to start drilling on the neighbouring lands.
They are tight lipped at Orko central, but something big is happening and whoever is selling this beautful stock is foolish.
If GM and Chrysler go down, silver will skyrocket and all us longs will be very very happy investors.
Either way this goes, we must be practical about what we have here. We have a $2.00 stock, todays Fair market value, and it may hit $4.00 when all is said and done.
Remember Coeur paid $4.50 an oz for Palmajheo and there has not been one other sale since.
Do your DD as Herb would say!