St James Gold Corp V.LORD

Alternate Symbol(s): LRDJF

Metals & Mining Gold

St. James Gold Corp. is engaged in the acquisition, exploration and development of mineral resource properties located in Canada. The Company holds a 100-per-cent stake in 29 claims, covering 1,791 acres, in the Gander gold district in north-central Newfoundland located adjacent to New Found Gold Corp.’s Queensway North project; and a 100-per-cent stake in nine claims and an option to acquire a further 100-per-cent interest in 19 claims, covering a total 1,730 acres, in central Newfoundland located adjacent to Marathon Gold's Valentine Lake property. Its Grub Line property is located 3.5 kilometers west of the town of Gander, NL. The Quinn Lake Property comprises two contiguous mineral licenses totaling 700 hectares (ha).

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St James Gold Corp

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Comment by curt2goon Jan 02, 2013 5:55pm

108 Views

Post# 20790486

RE: RE: RE: Plan for funds....

If it was raised at 0.10 then we would need to make 10mil shares for that. After the 10/1 we would only have something like 12mil to start. That would almost put us at 100% dilution right out of the gate. But do we have a choice. If they can use that money to prove up the silver and more moly and update the 43-101 will we have what we need? Any thoughts?

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