RE:RE:RE:Update???? Larry60 writes: "Speicified use of the token proceeds also does not include AMK acquisition."
"We are excited about strengthening our partnership with GEM Digital for this significant token subscription facility, which will enable the company to acquire American Creek Resources Ltd and further expand our presence in the gold exploration sector. American Creek Resources’ full twenty percent carried interest of the Treaty Creek Gold deposit will be added and monetized onto the balance sheet of our pending RWA based NGTGOLD Token ... Cunningham Mining Ltd plans to use the increased facility for further acquisitions of gold properties in the coming future.
Also, as I previously noted, seemingly the original intent of the token was to tokenize the nuggettrap placer property; the offering being $60MM (100MM tokens). Presumably Cunningham was to initiate the token listing on some exchange(s). Since the placer proposal was before GEM was involved(?) the AMK acquisition wasn't on the radar, at least not publically.
And I should have said "Meanwhile, the GEM NGTGOLD token agreement", rather than "Meanwhile, the GEM NGTGOLD token offering".
...
Also on Nuggettrap, whatever all this is supposed to mean:
"Tokenomics: Those who purchase the Token, earn a right to buy Gold from production at production rate in future
Formula: (Gold product cost) - (Market price) = Profit margin"
So, if cash cost were $1000/oz, then $C1000-$C3500= Profit margin minus 2500?
Buying gold at production rate might mean you can be allocated some portion of all of the production of placer gold from nuggettrap? So owning a token means you have the right to buy 1/100Millionth of the production of the placer property?
As far as the 'Formula' is concerned, they may mean (Market Price)-(Gold product cost [i.e. cash cost of production? Price to token holder?]) = (Profit Margin)[i.e. the profit to the token holder who buys gold from them?]).
As far as me being confus[ed], I agree, as I noted in another earlier post.