RE: Galena provides update on Matagorda Bay prospeAfter the delays, why reduce your working interest right around the end?? If 8% = 258,000$ then they estimate the value of the whole project to be 3,225,000$ ??
This makes no sense. I have a feeling they jumped the gun with the rare earth project and ran out of money to finance this one.
Then again, if there's no oil. I'll have to take all this back and congratulate them for not wasting more money.