RE:RE:Taking another lookI'm not sure if that's possible - which is one more reason why this deal stinks. The upside of the leverage of adding new ounces to the property was surrendered. That leverage, had they waited for an updated reserve tally, could have got the a long way.
The finding cost per oz was something like $45. If you assume 10 mm oz, they've given half of them away, plus any new discoveries for $100/ oz.
A combination of more drilling, with the cash they just raised, another royalty deal and a bank loan should have been pursued. If the payback was 1.5 years, as suggested in their material, shareholders would be way ahead than with GFI as partner.