RE:Re new agreement Great news. It takes the time-line looming over us to a more reasonable deadline.
The current 550k new ounces found so far on the Con were clearly not enough to do the deal with Newmont next year. Without this extention the Con deal was dead. I think this dead-line was a major reason the smart money was not pulling the trigger on us the last two years.
We needed more ounces and untill we find them the risk for the big boys was not worth it. Not enough time to to find them and not enough money to do it faster was their problem.They did not see the plan going forward north of town. Plan B without Con was too far in the future to invest in now. Eric Sprott excluded ofcourse. I do not know if he knew this was comming but his timing was perfect. The next big money guy that wants a stake will have to pay up for it . GP is not doing another deal at 5 cents and there are no big blocks on the open market available. All good news for us longs. Game on.