OTCQX:NTGSF - Post by User
Comment by
stanjson May 31, 2021 12:27am
92 Views
Post# 33294967
RE:RE:RE:RE:Imminent capital raising
RE:RE:RE:RE:Imminent capital raisingAs I have mentioned, I predict GPY's lawsuit will be rejected/denied by the court because the QML has already been issued by the Yukon EMR. The Yukon EMR however can revise the security deposit from $1mil to $12mil at their discretion.
Defamation cannot be proved unless it caused material damage, and so far, Chiristman's verbal utterances can be considered freedom of speech.
Regardless of Christman's labor dispute with Yukon EMR, GPY will continue, but the capital raising is needed to sustain existing camp and facilities. BFS will be delayed by probably another 2 to 3 months pending declaration of validity & extension of QML by Yukon EMR Dept.
During this delay, spot gold will be between $1900 to $2400/oz. The BFS will be based on $1500/oz. Economics and geology of the mine has not changed.