RE:RE:on someone's radarThey are actually not in bad shape financially. They can probably get $300,000 again for the remaining 1% of Key if they wanted it from New Gold like they did for the other 1% royalty they already sold to them, adding to the $$527,544 they have on hand in working capital (Sedar filing Mar 26). Also, on April 9, tomorrow actually, then may get another $80,000 from that 1% key sale if some valuation condition is met according to SEDAR. So they could have $900,000 if all all those came to pass, or they could retain the 1% royalty from New Gold if they thought they could benefit from it long term. I thought it was interested that New Gold sold the 1st 1% royalty for $300,000 which indicates they thought the prospects of Key was still worth something at this point or else they would have offered nada for it.
Much higher gold prices are a near certainly due to governments spending to bail out everyone and everything like we’ve never seen before.