RE:Why is there no financing yet and no insiders selling?And for the record, the 10,000,000 ounces is being calculated from this initial strike:
-- it being 50m wide x 175m long x 100M deep.
So for every 1km of strike at 100M depth, the deposit expands and is multiplied by 5.71 x, for circa 1 million ounces. If it's 5km long x 100M deep, it grows to 5 million ounces, and doubles to 10 million ounces if it's 200 metres deep.
It's fairly easy to extrapolate why Potvin keeps plunking money to his already large position:
--he's got view of the ongoing IP survey and made the conclusion before an official wtrite up or press release was written, and bought immediately in the market.
Correct me if I'm wrong, but it would be illegal for an insider to make a purchase on material news such as a full view of the IP survey; would be considered illegal insider buying.
So he jumps in with both feet before it's fully understood or written up, and then to boot... he exercises his options at a lower price!
I couldn't ask for a better signal to shareholders than that very move by JP.
He's putting his " money where his mouth is", and I am happily following along.