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Lion Rock Resources Inc. V.KBG


Primary Symbol: V.ROAR

Lion Rock Resources Inc is an exploration company focused on the exploration and development of the Maybrun property, a gold-copper project located approximately 80 km southeast of Kenora, Ontario.


TSXV:ROAR - Post by User

Bullboard Posts
Post by bobinon Feb 22, 2011 7:08pm
339 Views
Post# 18176746

MGP'S FINAL SHARE PAYMENT

MGP'S FINAL SHARE PAYMENTNewbie 11 , something to consider.

With the funds expended to date to earn a 100% interest , the final share payment out of treasury is not such a huge outlay , especially to a company they now control . Even under a worst case scenario ,could  MGP not simply wait for goldcorp to advance toward them and use their mother holes at a later date to do more sister hole drilling based on new info ???

During this time ,MGP share value could easily increase from Monument Bay results giving KBG increased  market cap .   

Depending on how clearing up hole number 1 goes , we could still see drilling in the target zone resume in March . I was left with the understanding they had got thru most of the bad ground before the cable broke . Perhaps they will have more of an update at the PDAC starting March 6.  

I am still totally optimistic and am not pumping as I have no intention to sell in the near term . 

   
Bullboard Posts