RE: Newfie properties acquired for 20k ...I'll use small words so I don't confuse you too much, you're apparently having trouble with the simple concepts here.
18 months ago W sold for about $55/MTU and no mines except those in China( and probably not even those) were profitable. Grey River was picked up as a gold play initially and PLY issued a ton of stock to get it 100% becuase the stock was trading at about 3 cents.
Now W is about $275/MTU, PMI, which was on the verge of bankruptcy and on life support by the Portugese government is making $1,000,000 plus PER MONTH and has a market cap of about $60 million on 120k MTU of production.
The projects, which were essentially valueless, are now worth quite alot. PLY was tuened its float over twice this year at about $0.70 average.
Its called a "market cycle". Let me know if I'm going to fast for you Tahera Sucks.
Oh, and thanks for playing.