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KAMINAK GOLD CORPORATION V.KAM

"Kaminak Gold Corp was incorporated on July 4, 2005 under the Business Corporations Act (British Columbia). The Company is an exploration stage company. It focuses on the acquisition, exploration and development of economic gold and other precious and base metal properties. The projects of the Company include Michigan Potash Project, Michigan. The Company is interested in exploration properties in Canada and the United States."


TSXV:KAM - Post by User

Bullboard Posts
Comment by bob4977on Oct 16, 2012 10:19am
382 Views
Post# 20488150

RE: RE: RE: Going out for Coffee

RE: RE: RE: Going out for Coffee

I am sure that 2M is enough to make an offer.Its a question of how much they offer per oz. When a company comes in they come in with their own geologists and verify the numbers. They can come up with an educated guess as to how much bigger the find is likely to be. Its all a matter of simply agreeing on price. Who knows? Maybe current management would like to take this mine all the way to production and will accept only a blowout offer. Maybe they are done drilling and will take whatever comes along. My guess is they are somewhere in between. Probably quite willing to keep proving up their resource till an acceptable offer comes along. And if they never get one, they have to be willing to keep moving the project towards production.

Bob

Bullboard Posts