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Gold Springs Resource Corp. T.GRC

Alternate Symbol(s):  GRCAF

Gold Springs Resource Corp. formerly known as, TriMetals Mining Inc. is a growth-focused gold exploration company creating value through the exploration and development of the Gold Springs project in Nevada and Utah, U.S.A. Management has extensive experience in global exploration and the mining industry.


TSX:GRC - Post by User

Bullboard Posts
Comment by jimdines1234567on Nov 10, 2018 12:39pm
71 Views
Post# 28955120

RE:Good Old Pavlov

RE:Good Old Pavlov123 thanks for your post. Please rest assured the likelihood of the judges taking five years to award zero, in this case, is zero.

A conservatively fair and equitable award should be at least over $100 million ( US dollars) based on several comparable awards like Gold Reserve, Rusoro, and Crystallex. Post-award TMI can then look to sell their rights to the prize to a multi-billion dollar company like the French insurance company that has fronted all expenses during the arbitration process. At the very least with the specter of  TMI receiving somewhere between 10-15 million as there 15% take from award proceeds, they will be able to get the funding that it needs to drill to a PFA at Gold Springs.

Yes, I am sure there could be settlement talks in the very near future that will be based on the award amount and the hundred plus page award decision that will highlight how and why the award amount was determined.

Once the PCA award news is released, we will know a lot more than we do now about the next steps in this saga!  
Bullboard Posts