Good move. New long term investors replace Pinetree. PP price 45% higher than last PP. Half warrant instead of full warrant. Warrant for 0.20 instead of 0.15. No comission fees.
$1M cash, $100k burn rate per month, 3 months to full production. No more PP's now.
Bob Moriarty well impressed on his site visit: “This is one of the highest grade gold projects in Mexico. The company is just going to throw off cash.’ ///
http://www.stockhouse.com/Ask-The-Expert/2012/Apr/16/Bob-Moriarty-on-gold-stocks-and-Excalibur
/// FANTOMAS