OTCQX:NTGSF - Post by User
Comment by
nohype7on May 23, 2018 3:40pm
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Post# 28071432
RE:RE:Serious question
RE:RE:Serious questionThe cost of money is always based on a criteria established by the lender.
First and foremost, lenders look at the value of the property. i.e.,
How large is the property and what is the estimated metal (gold) content?
If the property has excellent drill results, the value of the property increases...which should be reflected in the share price. Thus, if GPY can connect all the areas (with good drill results) their share price should increase substantially.
The higher the share price, the less amount of shares they need to issue for their new money.
They have a specific plan this year. Based on previous history, I'm betting that their drill results are excellent and the share price appreciating over $1/share.