RE:RE:RE:INFOLifegoeson, ,
What is interesting is how the original $5.4M financing ended up being $10M raised. In addition, with 22.3M units there are 1/2 warrants and 900K finders warrants which will soon be in the money. That is about 12M warrants with an exercise price of just $0.60 yielding the company an additional $7M. With such a small float, the stock price should blow through that level and after the 4 month hold, a lot more funds to the company.
I have no idea of course what is ultimately in the ground, however I do know the risk/reward looks great. I built a position the past week at average of around $.50 which is fine with me. I think what Sprott and other investors like and quickly jumped in (the next day after the drill result), is the fact this is Nevada and drill hits like what the Company had are indicative of a lot of gold. No guarantee but more likely than not. Long way to go. The Company can do a lot of drilling with the $10M and potential $7M from warrants excercised.
GLTA.