GREY:HRIVF - Post by User
Comment by
discern1on Apr 06, 2011 3:20pm
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Post# 18395008
RE: RE: RE: We loaned 800K to Nord Gold
RE: RE: RE: We loaned 800K to Nord GoldFrom a business perspective if you have $100mil in cash, what are you going to do with it?
I doubt we need all of that even to fully develop Bissa.
Your return isn't going to make anything close to 1%, so it makes sense to lend it to a partner at 5%. I wouldn't mind this practice as long as there is a mutually beneficially relationship and not a parasitic one