RE:RE:RE:RE:RE:worth a repeat for any real, intelligent, non bashing folksUmmm...really? they had $300k in the bank just about 2 months ago.
They have not 'proven' per GEO guidelines, but have highly probable drill targets with a planned expenditure of $700k US, and have recently given us excellent results from the bulk sample from the stockpile of "free gold" in the millions of dollars.
As for "a gamble". on waste rock. It's been clearly identified as millings, not waste rock, and the gold grades average out real real good.
So yes, a PP to raise $1mill canadian is an option for the drill program as discussed in the podcast which would only be about 15 million shares - from 53 million fully diluted according to the podcast - which includes 11.6 M warrants and options. to 68 million, Peanuts.
So, really, your entire post is garbage.
Cr00ks604 wrote: Desperate situations call desperate measures. The company is almost broke. They have nothing proven. They're taking a gamble on waste rock.
They don't raise money soon they're not going to be doing anything.