RE:RE:RE:RE:RE:NEW CORPORATE PRESENTATION !!!Lions bay to transfer it's holdings from golden reign minerals into montan as stated in there presentation. The private placement is to re commission the mill and upgrade certain parts of it.
Most mines are running out of reserves and at current prices, there exploration budgets have been suspended due to the low gold price. Company's like montan will always have a endless flow of high grade ore.
On Yahoo finance lions bay have 7million cash. So funding will not be a problems, nor will be getting high grade ore from local miners, as they will be saving on average $30 dollers per ton transportation costs, rather then going to Chala ect.