RE:RE:RE:RE:RE:RE:RE:He gets the shares at 0.05 the lowest possible ....I do share your concern on the cash burn but you are wrong on the time to drill the deep hole. The first deep hole ate up at least 50% of the time from two major mistakes from the driller. All of it we do not pay for. If they got their s....t together this time it should not take more than 3-4 months max.
I agree Sprott got his shares too cheap and Gerald had to do something to keep the lights on. It does hurt us old shareholders but he also brings a lot of attention to the project.
If we get good results 600 meters below the shaft it does not take a Geologist to realize GP just found another million ounces perhaps even more. That will change everything.There is no way the stock stays this low for long if that happens. Money will flow back in the sector and we will have one of the best projects in Canada. Sprott just timed it perfectly. He will want to put in more or buy the whole company and will have to get it in the open market.Gerald bought in at $0.29 and he won't sell for a loss.He knows high grade gold in the ground in town is worth at least $ 100 an ounce. FOMO will soon bring more followers. Fingers crossed.