RE:TGC deal done Half for virgin exploration? Sorry, I don't agree.
I would prefer for Eagle Plains to stick to its Project Generator business model. Under that model, the $5M should be sufficient for years before another raise in the financial markets- especially with steady payments comping in from option agreements and TerraLogic income.
Let's not become another junior that pisses away its funds on pipe dreams based on geophysics and hunches. That's not why I invested heavily with Eagle Plains. Mineral exploration is a crapshoot - always has been. I fully support the Project Generator business model with only EXTREMELY LIMITED exceptions.
Disclosure: I own shares of Eagle Plains, just my opinions, not investment advice.