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YALE RESOURCES LTD V.YLL



TSXV:YLL - Post by User

Comment by moonshot5on Feb 15, 2011 10:11am
302 Views
Post# 18135186

RE: RE: NEWS

RE: RE: NEWSI think the market cap is very reasonable for what they have indeed.

With regards to this (and Yale's other projects), I think that they should have asked for a larger exploration commitment for the company to earn their stake.

"Nature's Call has an option to earn a 70% interest in the property by paying to Yale US $ 50,000 (received), spending US $ 900,000 on exploration expenditures and issuing 1,000,000 shares (200,000 have been received) to Yale over three years."

https://www.yaleresources.com/s/NewsReleases.asp?ReportID=442458

How much work will be done on the property for only $900,000? Not very much.....





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