Strategic Initiatives/acquisitions/JV/LawproThanks for the post Lawpro.
Great info on Paramount in your post.
Seems Taheuheuo is a similiar deposit to San Miguel in that both share robust mineralization that creates value -and interest (what happened to Soho?).
Extremely evident that Paramount is able to raise funds,develop their project rapidly and reward their shareholders while SOHO has not.
To merge with a company like Paramount,one of our closest neighbours,would be strategically and economically sound.
Ralph would come out a winner,the Chinese would have a deposit with a partner that can fund development and Soho can go down the coast and develop their recent silver acquisition.
Come on ,Ralph,entertain a deal with a company that can develp Taheuheuto and seem a perfect fit going forward!!
Another market downturn is coming and Soho has limited funds to merely survive,let along develop thier projects.
Investment Considerations
Paramount Gold’s ability to raise money in an exceptionally difficult market
is a strong indication that the San Miguel Project in Mexico is a potential company-maker.
To date, Paramount Gold has raised some C$40 million and has more than enough cash on hand to finance operations for the next three years.
Just this spring, the company closed a C$9 million financing with the FCMI Financial, a private corporation controlled by Albert D. Friedberg and members of his family. Other groups investing in Paramount Gold include Fondi Anima of Milan, Italy, Blackmont Capital Inc, Haywood Securities Inc., Sprott Asset Management, US Global Investors, Macquarie Bank of Australia, Canaccord Capital Corp., and Raymond James Ltd.
Paramount Gold will use its ample capital to fund ongoing drilling and exploration programs, as well as continuing to build its land portfolio and form strategic corporate initiatives with other companies active in Mexico.
Further development of an identified copper system in the southern portion of the property is the topic of current discussions with potential joint venture partners.Paramount Gold also plans to strategically enhance its overall land position throughout the region through either direct acquisitions or joint ventures.