RE:RE:New longer interview with Gerald...His story did not change. We have a terribly bad market that values juniors up to 90% discount from just a few years ago. As a consequence we have no access to new capital without killing the current shareholders. He is realistic. We have 3 choice's.
A Shut the door and wait for a better market.
B Keep drilling at a slow pace to buy some time and preserve cash.
C Do a raise and dilute current shareholders at crazy low values.
As always he does the right thing and goes with B. The gold is there and not going anywhere. Next year we could be back in a bull market and we will be glad he did not kill us. If he decides not to buy the con mine it is not the end for gold terra. We have another 65 km to explore. Not all or nothing. He is just smart .What I got out of it was out of 600 holes drilled only 8% came back as high grade intercepts. Yet the mine averaged 16 gram per ton .Let that sink in.We are blessed to have him.Extreme markets are an opportunity for those who dare. This always ends in an opposite over reaction. I am still buying.