RE: 8K - BMStock, i guess its all in the interpretation. I think the money was given to them to "bring the project to production" not that the Chinese give them everything to do it. They just can probably invoice them for approved manpower.
"Use of proceeds will include a final payment to close the Mbwemkuru alluvial gold deposit in Tanzania with the balance being used to bring the project into production and fund ongoing geological work on Douglas Lake's top five exploration targets."
So from this I interpret that they should have atleast got 1mm that they gave to the property owner. The rest they'll get as they need to bring the project into production and fund of ther geo work.
Now when they said this
"We believe the Mbwemkuru project has huge potential, and with our capital investment, equipment and expertise in place, we will be able to quickly determine the size of the gold reserve. This, coupled with the low cost-of-production, makes the property a natural choice for the launch of TIGMR and Douglas Lake's new partnership to explore and develop mining properties in Tanzania."
Makes u wonder.. But i think they are just a cash infusion.. not actually doing the work.
I would like to know if the TIGMR and TANZMINEX has worked together on other properties invested by the Chinese. "TIGMR also has access to capital, equipment, and skilled manpower that far exceeds the resources of most mining companies worldwide."