Global Hunter Corp V.BOB

Okay, I take back part of what I said...

[twaver]

I actually got through to the company today.  I sold 50,000 of my original shares when the stock went up because I couldn't find a pulse in this company i.e. nobody would pick up the phone or answer my queries.  They raised $2.5 million through a loan closed in Sept. and are closing a pp for $2,000,000 at $.05 soon.  Forty million shares with a full warrant is pretty dilutive, but on the bright side there are a bunch of outstanding warants that will expire soon.  According to the guy I spoke with, after all the dust settles there will be about 285,000,000 shares outstanding on a fully diluted basis.  They are planning to use the funds raised to "move the company to the next stage milestones" i.e. complete the scoping study and get started on the prefeas. on their flagship copper project in Chile. 

At this point they are anticipating a mine life of 8 years producing 30,000,000 pounds of copper per year (the mine will produce exclusively copper) at a cash cost of $1.00 per pound - and all this from only one of the 15 shear zones on the property!  I do not know the numbers on anticipated capital costs for this.  Part of the funding will also go toward drilling 2 or 3 of the most prospective of the other zones.  So there does appear to be production in the future - along with considerable blue-sky potential.  I will hang on to my other 50,000 shares as I think this stock has further to run.  They are going to be making an effort to promote the company and expect to be releasing specifics on all of this in late Dec or, more likely, January.  Good luck to all.