RE:Why would Probe investors want ELD shares?MLDS1
Take a look at the financials...it is crazy difficult to be come a producer....unless you already have transportable mining equipment somewhere else in the world. It is 24-36 months just to get new ball mills haul trucks etc.
Look at Newgold and look the ounces they produce per 1/4 along with silver. Then take a look at the Bonds they issued at 6% in U.S. over a 10 year strip.
Same for Eldorado
Same for a lot of small to mid tier producers
Why do it....can't issues shares to support funds or there would be too much dilution.
Dave's goal is different. Dave has to make Val-Dor so attractive ...active producers will fight it out for $ 3.50 to $ 5.00....I think $ 4 willl be the final...
GLTA