RE:RE:RE:Great potentiality with BEA & JUGRYou did not go deep into NUG I played it 2yrs ago and bought@.11 and sold@.14 as I did not like the way it was trading as in with the very high O/S it became a traders stock..Lots of the big boys Crescat followers lost big as the news was not good and down she came to.02 and they gave up on it.
I continued to watch and when the first news came out I bought 500k@.02. as I figured the most I could lose was my commission,plus good chance it could go to .05 and If I said if they do hit it,,well there so goes,but lots of mine will be long gone before that happens .You might now get in@.025 but that is tightening up.So .03 would be ok.
Once the news hits those big asks will be gone fast.
I am sure Crescat will be helping on the financing. - For drilling to commence a week either side of June 1, 2023, and finish by July 15th, with a RC drill rig capable of drilling to 2,000 plus feet with impunity. All the previous deep drilling and consequent understanding of the structural geology suggests any orebody/deposit should lie between 1,400 and 2,000 feet.
- To have the initial assays for gold completed and in hand for reporting by August 15th.
Financing: The augmentation drilling will need financing. At present we have Cdn $ ~2.0 million in the treasury which is reserved for the survival of the company: maintenance of its land position and minimal staffing and professional fees for executing on the exit strategy - enrolling one of the four or five currently identified and qualified acquirors of the Red Hill property.
When appropriate we will announce and complete a modest equity unit private placement. We expect such financing will be at five cents or better for several reasons, including the fact that five cent per share/unit is the minimum price allowed to issue free-trading shares.