G4G Capital/White Gold property purchases from Shawn RyanI was looking at the claims Shawn Ryan has (via the map provided in the schedule A of the press release from G4G Capital's acquisition of Shawns claims) in the white gold district. He (now White Gold Corp) owns the claims smack in the middle of the Lucky Strike property (among others). The press release said that there were many claims purchase but no work has been done to date as it relates to exploration. Gsr is way ahead as it relates to identifying gold anomalies, drill targets, trenching etc and trades at half the value as White gold (from a market cap point of view). Gsr is either super undervalued or white gold is way over valued. From what I've read Shawn Ryan is a god up there in the white gold district having discovered the coffee creek project, Rob Mcewen is in the White Gold opportunity as well. I get that management can cause a stock to trade at a premium.
Id think that somebody would want the lucky strike claims given the talent and players at White Gold.
Gsr would have to double to trade at the same level as White Gold.