RE:RE:RE:RE:RE:RE:RE:Time will tellGiving up something to get a project off the ground is par for the course. The question is how much?
Another stock I own Highland copper just gave up 66% for $ 60 million to get the project permitted.
I think they gave up too much so I sold off half my shares and bought more Gold terra. GP is on an another level and would have never made that deal IMO.
I agree Red free exploration drilling is welcome but they are not looking for gold on a sheer. If they run into gold it would be a huge surprise. It could happen but not very likely. Go back to the con mine deal and you can see what GP is willing to give up to get the biggest gold miner in the world on our side.
He lets them buy back 51% of their own gold for $30 per ounce and pay for all drilling times two get us our money back. I am just saying WE have a CEO working for sharholder value!!! That is a much better deal than Highland copper just made. Our market cap would be well over 100 million today in any reasonable market. It's comming. How high it ends up being depends on our drill results and if the mine gets build