crap - investeur2there is no problem with the transaction
selling 2.5% interest in the property to the major stakeholder CYP for $250k fully values the property at $10M
hence we had 20% or $2M worth, which was half our market cap, and the other half of our market cap is in other property potential near Rubicon, Baird (another Goldcorp JV), and other properties staked going back to the days of Carl Huston working at Dickenson aka Red Lake Mine (10yrs he was exploration manager for 10yrs)
keep in mind SYH.v did not consider Broulan Reef as its flagship ,
Sidace Lake (Zinifex aka Wolfden & GoldCorp) has not been touched since 2004
so SYH.v with $4.5M market cap at the point of intersection (SEE PICTURE IN LINK)
https://www.premiergoldmines.com/s/NewsReleases.asp?ReportID=370762&_Type=News-Releases&_Title=Premier-Red-Lake-Joint-Venture-to-Participate-in-Major-Underground-Developm...
compared to Premier Gold with 92M shares at $5 ?? please compute $500M Mcap at PG and not $4M at SYH
this is unreal value here, and it's because of all the sellers and no faith , no patience, no investors understanding their "investment timeline" that has us at these levels even though they confirmed the trend is underneath
selling 2.5% for $250k puts the value of the asset at 1/2 our $4M market cap or at $2M - its all relative to the 20% we owned, and the other $2M can be justified as ($600k shell value and easily $1.4M other properties) with ZERO value placed on blue sky for 17.5% Broulan Reef
this is what spec mining investors look for, and your selling down here with the drill bit so close to biting is going into the hands of the smartest spec mining investors out there
strong hands with the best timing (it's possible in 6 months this stock could be .25 let alone .50)