JTO Quote... Direct quote from JTO in this 2013 Nevada outlook document... See link below page 32-33.
"This should raise production from 15,000 to almost 40,000 ounces of gold per year. The expected price per ounce should be of $700,” said O'neil of Gryphon Gold."
40,000 oz Au per year?!... Not surprised but why was this number NEVER shared with shareholders? I stand to be corrected but I have never seen or heard this annual production number stated in an official GGN release.
So... As this currently stands Borealis is on track to produce 40,000 oz Au at $700 per oz Au... i.e. generate $28M in cash in the coming months... YET GGN shareholders (who have already been diluted out of 62% of Borealis) are facing the very real prospect of losing their entire ownership stake in Borealis over the next few months... Likely just weeks before extreme profitability... Really?... Really? Is that really what has happened/will happed here?
WHAT IS THE PLAN FOR THIS COMPANY? Anyone?
Page 32-33:
https://www.globalminingfinance.com/nevada-2013/documents/GMF-2013-Nevada-fullbook.pdf